Please answer part a, b, and c based on the conditions given in the problem (i & ii) and show your work! Please do NOT use Excel.

Month (2021)	Working Days	Forecasted demand
Jan	20	110
Feb	18	300
March	22	500
April	20	600
May	25	200

1. A bag manufacturer has 6 employees by the end of December 2020. Each employee produces 1 bag per day. The table below summarizes the forecasted demand for January to May. Hiring cost is 500 $ per employee and firing cost is 2000$ per employee. The cost of inventory is 1$/bag/month. The cost of making the bag is 5$/bag and the bags are sold for 6$/bag. Each employee is paid 100$/month. Assume no shortages are allowed and following a constant workforce strategy a. How many employees do you need to hire or fire at the beginning of January? b. What is the total number of employees that you are expected to have by the end of May? C. (BONUS QUESTION) What is the ending inventory? Answer the previous 3 questions under the 2 conditions below: i. No starting inventory and no ending inventory is expected. (3 points) ii. Starting inventory is 50 and ending inventory is 500. (4 points) 1. A bag manufacturer has 6 employees by the end of December 2020. Each employee produces 1 bag per day. The table below summarizes the forecasted demand for January to May. Hiring cost is 500 $ per employee and firing cost is 2000$ per employee. The cost of inventory is 1$/bag/month. The cost of making the bag is 5$/bag and the bags are sold for 6$/bag. Each employee is paid 100$/month. Assume no shortages are allowed and following a constant workforce strategy a. How many employees do you need to hire or fire at the beginning of January? b. What is the total number of employees that you are expected to have by the end of May? C. (BONUS QUESTION) What is the ending inventory? Answer the previous 3 questions under the 2 conditions below: i. No starting inventory and no ending inventory is expected. (3 points) ii. Starting inventory is 50 and ending inventory is 500. (4 points)