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 gross requirements

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* Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 40 40 60 20 20 70 5 0 *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). 2 4 8 11 1 20 | 3 40 5 40 6 60 7 20 9 20 10 70 12 50 Period Gross requirements On-hand at beginning of period | 40 On-hand at end of period Order receipt Order releaseStep by Step Solution
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