Question: b) THE TOTAL COST IS ___ (ENTER YOUR RESPONSE AS A WHOLE NUMBER) Develop a lot-for-lot solution and calculate total relevant costs for the gross

b) THE TOTAL COST IS ___ (ENTER YOUR RESPONSE AS A WHOLE

b) THE TOTAL COST IS ___ (ENTER YOUR RESPONSE AS A WHOLE NUMBER)

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. *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)

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