Question: The total cost is = $ ______ (enter your response as a whole number). Develop a lot-for-lot solution and calculate total relevant costs for the

The total cost is = $ ______ (enter your response

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*. Y 5 6 7 11 12 Period Gross requirements 1 2 3 4 30 40 8 9 10 20 70 30 60 30 60 3 00 "Holding cost = $3.50/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 4 5 6 7 8 9 10 11 12 Gross requirements 30 40 30 60 30 20 70 60 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release

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