Given the following MRP matrix for Item C:
ITEM: C
Lot Size: POQ LT: 2
Period
1234567
Gross Requirements
Schedule Receipts
Project on Hand
Net Requirements
Planned Order Receipts
Planned Order Releases
If each order cost $500 and the holding cost is $0.75 per item per period, then using the Periodic Order Quantity lot sizing technique, the Planned Order Release for period 4 would be
a. 270
b. 290
c. 340
d. 560