Question #2

And what The total cost is $ (enter your response as a whole number).

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table* 8 Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 40 30 60 30 10 80 60 * Holding cost = $3.50/unit/week; setup cost = 5200; 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 20 40 30 60 30 10 80 60 On-hand at beginning of 40 period On-hand at end of period Order receipt Order release