Question: Determine the total cost for the following data using the EOQ 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 EOQ lot-sizing technique. Count and cost inventory at the end of each period for calculating the inventory holding cost and round the value of EOQ to the nearest whole number.

Week 1 2 3 4 5 6 7 8 9 10
Gross requirement 30 60 10 10 20 30
Scheduled receipt 10 10

Lead time = 2 weeks; holding cost = $1/unit/week; ordering cost = $100/order; stockout cost = $10/unit; beginning inventory = 20 units.

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