Note: Both hiring and layoff costs are incurred in the month of the change. For example, going from 1,600 in January to 1,400 in February incurs a cost of layoff for 200 units in February Hire (Units) Layoff (Units) Ending Inventory 200 Stockouts (Units) Period Month 0 December 1 January 2 February 3 March Production 1,600 1,600 1,400 1,600 4 Demand 1,600 1,400 1,600 1,800 1,900 2,300 2,100 1,900 1,900 April May June 1,800 1,900 5 6 7 July August 2,300 2,100 1,900 8 The total cost of hirings = $(Enter your response as a whole number.) The total cost of layoffs = $(Enter your response as a whole number.) The total inventory carrying cost = $. (Enter your response as a whole number.) The total stockout cost = $U. (Enter your response as a whole number.) The total cost, excluding normal time labor costs, is = $ (Enter your response as a whole number.) Note: Both hiring and layoff costs are incurred in the month of the change. For example, going from 1,600 in January to 1,400 in February incurs a cost of layoff for 200 units in February Hire (Units) Layoff (Units) Ending Inventory 200 Stockouts (Units) Period Month 0 December 1 January 2 February 3 March Production 1,600 1,600 1,400 1,600 4 Demand 1,600 1,400 1,600 1,800 1,900 2,300 2,100 1,900 1,900 April May June 1,800 1,900 5 6 7 July August 2,300 2,100 1,900 8 The total cost of hirings = $(Enter your response as a whole number.) The total cost of layoffs = $(Enter your response as a whole number.) The total inventory carrying cost = $. (Enter your response as a whole number.) The total stockout cost = $U. (Enter your response as a whole number.) The total cost, excluding normal time labor costs, is = $ (Enter your response as a whole number.)