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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 30 60 30 30 *Holding
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 30 60 30 30 *Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Period 1 Gross requirements 30 The total cost is $ Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release (enter your response as a whole number). 2 3 40 1 30 2 4 4 3 30 4 5 30 8 6 7 60 30 9 10 10 80 8 9 11 12 60 10 10 80 11 12 60
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