Question: Determine the total cost for the following data using the lot-for-lot sizing technique. Count and cost inventory at the end of each period for calculating

Determine the total cost for the following data using the lot-for-lot sizing technique. Count and cost inventory at the end of each period for calculating the inventory holding cost.

Week 1 2 3 4 5 6 7 8 9 10
Gross requirement 30 5 10 30 20 10 50
Scheduled receipt 10

Lead time = 1 week; holding cost = $0.5/unit/week; ordering cost = $85/order; stockout cost = $15/unit; beginning inventory = 20 units.

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