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{.}50$ per unit. In the second year, Fisk

Corporation finds that it can reduce ordering costs to $$1$ per order, but carrying costs will stay the same at $$1\mathrm{.}50$ 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