Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here.

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LAYOFF HIRING INVENTORY Totals: 250 250 12,000 $500,000 $750,000 $72,000 $1,322,000 Costs: Cost of plan: Planning values Starting inventory: Starting and ending workforce: Hours worked per month per 1,000 227 160 worker: Hours per unit: Hiring cost per worker: Layoff cost per worker: Monthly per-unit holding cost: 20 $3,000 $2,000 $6