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 8 9 10 11 12 Gross requirements 20 30 40 70 30 20 70 50...

Extracted text: 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 8 9 10 11 12 Gross requirements 20 30 40 70 30 20 70 50 *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 4 8 10 11 12 Gross requirements 20 30 40 70 30 20 70 50 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release