Question: Given the information below, use the least unit cost lot sizing method to determine the production quantity for week 1. (Slides 45-46) Weeks Quantity Ordered

Given the information below, use the "least unit cost" lot sizing method to determine the production quantity for week 1. (Slides 45-46)

Weeks Quantity Ordered Carrying Cost Order Cost Total Cost
1 1500 $0 $250 $250
1-2 2500 $50 $250 $300
1-3 3500 $150 $250 $400
1-4 4000 $225 $250 $475
1-5 6500 $725 $250 $975
1-6 8000 $1,100 $250 $1,350

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