Fiber Technology. lnc.. manufactures glass bers used in the communications industry. The company's materials and parts manager is currently revising the inventory policy for TEL20. one of the chemicals used in the production process. The chemical is purchased in 10-pound canisters For $103 each. The rm uses 1200 canisters per year. The controller estimates that it costs $103 to place and receive a typical order of JILL20. The annual cost of storing 1120 is $5.30 per canister. Now also assume that the lead time required to receive an order of XL-20 is one month. Required: 1. Assuming stable usage of XL-20 each month. determine the reorder point for XL20. 3. Suppose that monthly usage of XL-20 uctuates between 500 and T00 canisters, although annual demand remains constant at 1200 canisters. 1What levet of safety stock should the materials and parts manager keep on hand for XL-20? 1What is the new reorder point for the chemical? Assuming stable usage of JILL20 each month. determine the reorder point for IL 20. l[Round your answer to nearest whole numhec} Reorder point canisters