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		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		1	2	3	4	5	6	7	8	9	10	11	12
Gross requirements		20		30		40	70	30		10	80		50
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).