Fisk Corporation is trying to improve its inventory control system and has installed an online computer...

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Fisk Corporation is trying to improve its inventory controlsystem and has installed an online computer at its retail stores.Fisk anticipates sales of 57,600 units per year, an ordering costof $12 per order, and carrying costs of $1.50 per unit.(EXPLANATION PLEASE)
a. What is the economic ordering quantity?
b. How many orders will be placed during theyear?
c. What will the average inventory be?
d. What is the total cost of ordering andcarrying inventory?

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Fisk Corporation is trying to improve its inventory controlsystem and has installed an online computer at its retail stores.Fisk anticipates sales of 57,600 units per year, an ordering costof $12 per order, and carrying costs of $1.50 per unit.(EXPLANATION PLEASE)a. What is the economic ordering quantity?b. How many orders will be placed during theyear?c. What will the average inventory be?d. What is the total cost of ordering andcarrying inventory?