Question: PLEASE ANSWER, I'll LEAVE THUMBS UP!! 1. Expected demand for the next six months is given in the table below. The production plan is to

PLEASE ANSWER, I'll LEAVE THUMBS UP!!

1. Expected demand for the next six months is given in the table below. The production plan is to produce 2900 units every month. Beginning inventory is zero. The cost details are as follows. Regular production cost is $35/unit; Overtime production costs $45/unit; Inventory holding cost is $6/unit/month. Compute the total cost consisting of these three cost components. Month Beginning Expected Regular Overtime Ending Inventory Inventory Demand Production Production January 0 2700 February 3300 March 3500 April 2100 May 3100 June 3900 TOTAL

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