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	30		40		30	70	20		20	70		50

*Holding cost=$3.50/unit/week; setup cost=$150; lead time=1 week; beginning inventory=40.

Develop 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 3 4 5 6 7 8 9 10 11 Period Gross requirements 1 30 12 50 40 30 70 20 20 70 *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 3 4 5 5 6 7 8 9 10 11 12 50 30 40 30 70 20 20 70 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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