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Consider the Following Requirements for a Certain Product Beginning Inventory = 500 Units
Setup Cost = $500 Per

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Consider the following requirements for a certain product.
 Period 12345678 Grossrequirements 020020050004000400\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \text { Period } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\\hline \text { Grossrequirements } & 0 & 200 & 200 & 500 & 0 & 400 & 0 & 400 \\\hline\end{array}
Beginning inventory = 500 units
Setup cost = $500 per setup
Lead time = 1 week
Holding cost = $3 per unit per week
a. Develop the lot-for-lot MRP table.
b. Calculate the total relevant costs.

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