Develop a lot for lot solution and calculate total relevant costs for the data in the following table Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 40 30 70 20 10 80 50 Holding cost $2 50 unit week Holding cost $2 50 unit week setup cost $150setup cost $15 0 lead time 1 week lead time 1 week beginning inventory 40beginning inventory 40

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Question: Develop a lot-for-lot solution and calculate total relevant costs for the data in the following table. Period 1 2 3 4 5 6 7 8

Develop a lot-for-lot solution and calculate total relevant costs for the data in the following table.

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

Holding cost =$2.50/unit/week Holding cost =$2.50/unit/week; setup cost =$150setup cost =$15 0; lead time =1 week lead time =1 week; beginning inventory =40beginning inventory =40.

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