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

sales of $49,000$ units per year, an ordering cost of $$8$ per order, and carrying costs of $$1\mathrm{.}60$ per unit. In the second year, Fisk

Corporation finds that it can reduce ordering costs to $$2$ per order, but carrying costs will stay the same at $$1\mathrm{.}60$ per unit.

a$-1.$ What is the economic ordering quantity for the second year?

Economic ordering quantity $($EOQ$)$

units

a$-2.$ How many orders will be placed during the second year?

Number of orders

a$-3.$ What will the average inventory be for the second year?

Average inventory

units

a$-4.$ What is the total cost of ordering and carrying inventory for second year?

Total costs

$