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 I 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.

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Annual Target Item On-Hand Demand Level Order Quantity Nut-6 mm 500 22 Nut - 8 mm 750 54 Bolt - 6 mm 200 0 Bolt - 8 mm 100 6 Screw #8-30 mm 250 23 12 Screw #8-40 mm 200 8 Washer - 8 mm 380 20 Washer - 10 mm 100 5 Pin-Split 400 40