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 30 40 40 60 20 20 70 50 Holding cost $1 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) Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 40 40 60 20 20 70 50 On hand at beginning of period 40 nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing On hand at end of period nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing Order receipt nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing Order release nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing The total cost is $

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Question: 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

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 30 40 40 60 20 20 70 50

*Holding

cost=$1.50/unit/week;

setup

cost=$200;

lead

time=1

week; beginning

inventory=40.

Develop a lot-for-lot solution

(enter

your responses as whole

numbers).

Period

Gross requirements

On-hand at beginning of period

nothing

On-hand at end of period

nothing

Order receipt

nothing

Order release

nothing

The total cost is = $

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