Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 2 4 8 11 Period 1 Gross requirements

Develop a lot-for-lot solution and calculateDevelop a lot-for-lot solution and calculate

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 2 4 8 11 Period 1 Gross requirements | 20 3 30 5 6 30 60 7 30 9 20 10 70 12 60 *Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Develop a lot-for-lot solution (enter your responses as whole numbers). 2 4 8 11 3 30 5 30 6 60 7 30 9 20 10 70 12 60 Period 1 Gross requirements 20 On-hand at beginning of period | 40 | On-hand at end of period Order receipt Order release The total cost is $ (enter your response as a whole number)

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