The total cost is: _______

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 20 70 50 | *Holding cost = $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 3 4 5 6 7 8 9 10 11 12 30 30 40 70 20 20 70 50 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt 40 Order release