A company wants to develop a level production plan for a family of products. The opening inventory is 100 units, an increase to 130 units is expected by the end of the plan. The demand for each month is given in what follows. Calculate the total production, daily production, and production and ending inventory for each month.
Month May June Jul Aug Total
Working Days 21 19 20 10 70
Forecast Demand 115 125 140 150 530
Planned Production 168
Planned Inventory 100 153