2. The total cost is $_________ ?

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table. 1 2 3 4 5 6 7 8 9 Period Gross requirements 10 11 12 20 30 40 60 20 20 80 50 "Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 3 4 lon 6 7 8 9 10 11 12 20 30 40 60 20 20 80 50 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release