Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table Period 1 2 3 5 6 7 9

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table Period 1 2 3 5 6 7 9 10 11 12 Gross requirements 20 30 40 60 30 10 00 60 "Holding cost $2.50/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 10 11 12 3 4 30 5 6 7 8 9 40 60 30 10 Gross requirements 20 60 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release The total cost iss (enter your response as a whole number). 4 80

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