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	20		10	80		50

*holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40 Develop a lot-for-lot solution

Period	1	2	3	4	5	6	7	8	9	10	11	12
Gross requirements	20		40		40	70	20		10	80		50
On-hand at beginning of period (40)
On-hand at end of period
Order receipt
Order release