2. Find Total Cost ($)

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 2 4 8 11 Period | 1 Gross requirements | 20 3 40 5 30 6 60 7 20 9 20 10 70 12 60 * Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period | 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 40 30 60 20 20 70 60 On-hand at beginning of period | 40 | D DDD D DD NNNNN On-hand at end of period D D D D D D D D D D Order receipt OOOOOOOOOO Order release OOOOOOOOOOO