Problems:

11.22 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 weeks supply. The following table shows the products and the current on-hand inventory. Calculate and fill out target level and order quantity in below table for each item. 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