Question: The total cost answer is NOT 1110 or 1120 Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following

The total cost answer is NOT 1110 or 1120

The total cost answer is NOT 1110 or 1120 Develop

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 40 40 70 20 10 80 60 *Holding cost = $1.50/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 30 40 40 70 20 10 80 60 [ 40 40 10 10 0 0 0 0 0 0 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt OO 10 10 0 0 0 0 0 0 0 Oo oo Oo o 0 30 0 40 70 20 10 80 0 60 Order release 0 30 0 40 70 20 0 80 60 The total cost is $ (enter your response as a whole number)

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