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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements 1 30 2 3 4

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements 1 30 2 3 4 5 6 7 8 9 10 11 12 30 30 60 20 10 70 50 *Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 1 2 3 4 5 6 7 8 9 10 11 12 30 30 30 60 20 20 10 70 50 50

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