McLeod Motors Ltd. Identify each step in the BN-88-55 production process and identify where inventory exists in the system. What functions does it serve? What would be the cost of not having this inventory? (If there are two consecutive inventories that have different functions, differentiate them clearly.) 2. What would be the optimal lot size for BN-88-55? What effect would it have on inventory levels? 3. How long does it take for a batch of BN-88-55 to go through the McLeod manufacturing process (the throughput time)? 4. How much work-in-process inventory of BN-88-55's predecessors might the company have had before it started producing BN-88-55's? How much BN-88-55 work-in-process inventory could it have now? 6. Why might the inventory level at McLeod have changed? How low could McLeod get its inventory levels to? 7. Given what you know about Operations Management, if you were Sue Reynolds, what actions would you consider taking