AND WHAT IS THE TOTAL COST?

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 10 11 12 Period Gross requirements 30 30 30 70 20 10 70 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 30 30 30 70 20 10 70 60 40 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release