Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of $84,500$ units per year, an ordering cost of $$4$ per order, and carrying costs of $$1\mathrm{.}60$ per unit.

What is the economic ordering quantity?

How many orders will be placed during the year?

What will the average inventory be$?$

What is the total cost of ordering and carrying inventory?