Question: I will thumbs up if correct (: 2.5 pts Question 5 Consider the following MRP lot-sizing problem, the net requirements are shown for eight scheduling

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2.5 pts Question 5 Consider the following MRP lot-sizing problem, the net requirements are shown for eight scheduling weeks: Cost per item $10.00 Order or setup cost $47.00 Inventory carrying cost week 0.5% WEEKLY NET REQUIREMENTS 1 2 3 4 5 6 7 50 60 70 60 95 75 60 8 55 By using Lot-for-Lot technique, what is the total cost (excluding the production cost) occurred in the eight scheduling weeks? 506 376 456 406

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