Question: Problem 5 Expected demand for the next six months is given in the table below. The production plan is to produce 3000 units every month.

Problem 5 Expected demand for the next six months is given in the table below. The production plan is to produce 3000 units every month. Beginning inventory is zero. The cost details are as follows. Regular production cost is $25/unit; Overtime production costs $35/unit; Inventory holding cost is $3/unit/month. Compute the total cost consisting of these three cost components. Please complete the table first, and then enter the answers. Month Beginning Inventory Expected Demand Regular Production Overtime Production Ending! Inventory January 2800 February 3200 March 3600 April 2000 May 4000 June 4400 TOTAL Answer: Regular Production Cost: Overtime Production Cost: Inventory Holding Cost: Total Cost

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