1. A small hardware store uses a periodic review system to control inventory and calculate order quantities. Inventory is reviewed every 2 weeks and there is a 1-week lead time for delivery. Safety stock is set at 1 week's supply. The following table shows the products and the current on-hand inventory. Calculate the target level and order quantity for each of the items. Use 50 weeks per year for your calculations.

Item	Annual Demand	Target Level	On-Hand	Order Quantity
Nut - 6mm	500		22
Nut - 8 mm	750		54
Bolt - 6 mm	200		0
Bolt - 8 mm	100		6
Screw #8 - 30 mm	250		12
Screw #8 - 40 mm	200		8
Washer - 8 mm	380		20
Washer - 10 mm	100		5
Pin - Split	400		40