Question: Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. What is the average demand per week? (enter

Develop a EOQ solution and calculate total

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers). Develop a EOQ solution (enter your responses as whole numbers). S Setup cost for 12 weeks is $ (enter your response as a whole number). Carrying cost for 12 weeks is $(enter your response as a whole number). The total cost is $ (enter your response as a whole number). Period 1 Gross requirements 20 5 6 7 40 30 30 *Holding cost = $1.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release 2 40 3 40 1 20 4 2 3 40 8 4 9 20 20 5 6 7 40 30 30 10 11 12 60 8 9 10 11 12 20 20 60

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