Question: 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

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 30 40 70 30 10 80 60 "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), 2 4 5 6 7 8 9 10 11 1 20 3 30 12 60 40 70 30 10 80 Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release 40 The total cost is $(enter your response as a whole number)

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