Poseidon Meter, Inc., makes a variety of water meters. Data for the past year indicate a worker can make, on average, 50 meters per four-week period. The forecast for the next four periods is 1200, 1000, 1400, and 1800 meters, respectively. Beginning inventory 0 units Initial workforce size 25 workers Production and costs Wages Inventory Back order Hiring Layoff $1,200/worker/period $1/meter/period (based on average inventory during each period) $2/meter/period (based on back orders at end of period) $500/worker $1,000/worker Develop a chase plan for the next four periods. Summarize the plan, its costs, and its consequences. 5