Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The company's expected monthly demand is given in the following chart. The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month. Following is other critical data: Production cost per unit- $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory) Hiring cost per worker = $300 Firing cost per worker - $200 Beginning number of workers = 16 Each worker can produce 50 units per month. Beginning Inventory: 50 Beginning Workers: 16 Month 1 2 3 4 Demand Regular Production Overtime Ending Inventory Workers Required Hire Fire 1,000 1,200 1,500 1,300 Total What is the total inventory carrying cost for the level plan? Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The company's expected monthly demand is given in the following chart. The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month. Following is other critical data: Production cost per unit- $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory) Hiring cost per worker = $300 Firing cost per worker = $200 Beginning number of workers = 16 Each worker can produce 50 units per month. Beginning Inventory: 50 Beginning Workers: 16 Month 1 2 3 4 Demand Regular Production Overtime Ending Inventory Workers Required Hire Fire 1,000 1,200 1,500 1,300 Total What is the total inventory carrying cost for the level plan?