Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates

sales of $58,800$ units per year, an ordering cost of $$4$ per order, and carrying costs of $$1\mathrm{.}5$ per unit.

a$.$ What is the economic ordering quantity?

Economic ordering quantity $($EOQ$)$ units

b$.$ How many orders will be placed during the year?

Number of orders

c$.$ What will the average inventory be$?$

Average inventory

units

d$.$ What is the total cost of inventory expected to be$?$

Total costs