Question: Need help with the total cost Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table* Period 1

Need help with the total cost
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 30 40 70 20 10 70 50 *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). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 40 70 20 10 70 5 0 On-hand at beginning of period 40 40 10 10 0 0 0 0 0 0 0 0 0 On-hand at end of period 10 10 0 0 0 0 0 0 0 0 0 0 Order receipt 0 20 0 40 70 20 0 10 700 50 Order release 0 20 0 40 70 20 0 10 700 50 The total cost is $ (enter your response as a whole number)Step by Step Solution
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