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		40		40	70	30		10	80		60

*Holding cost=$3.50/unit/week;setup cost=$200;lead time=1week; 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		20		40		40	70	30		10	80		60
On-hand at beginning of period	40
On-hand at end of period
Order receipt
Order release

total cost?