Question: The total cost is $____ (write your response in whole numbers) Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in

The total cost is $____ (write your response in The total cost is $____ (write your response in whole numbers)

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 30 40 60 20 20 80 50 *Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40 Develop a lot-for-lot solution (enter your responses as whole numbers) 1 2 3 4 5 6 7 8 9 10 11 12 20 30 40 60 20 20 80 50 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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