Question: Develop a lot - for - lot solution and calculate total relevant costs for the gross requirements in the following table * . Period 1

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*.
Period
1
2
3
4
5
6
7
8
9
10
11
12
Gross requirements
20
30
30
70
30
10
80
50
*Holding costequals$3.50/unit/week; setup costequals$200; lead timeequals1week; beginning inventoryequals40.
Part 2
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
Gross requirements
20
30
30
70
30
10
80
50
On-hand at beginning of period
40
20
enter your response here
20
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
On-hand at end of period
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Order receipt
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Order release
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Part 3
The total cost is $
enter your response here (enter your response as a whole number).

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