Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table 1 4 11 1 4 Period 2 3

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table" 1 4 11 1 4 Period 2 3 5 6 7 8 9 10 11 12 Gross requirements 20 30 40 60 30 20 70 50 "Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory - 40 Develop a lot-for-lot solution (enter your responses as whole numbers), Period 2 3 5 6 7 9 10 12 Gross requirements 20 30 40 60 30 70 50 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release The total cost $(enter your response as a whole number) 20

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