I need answer in Excel with step by step procedure with full details of formulas...
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I need answer in Excel with step by step procedure with full details of formulas used. Please show formulas with FORMULA TEXT.
A company faces the following demands during the next three weeks: week 1, 2000 units; week 2, 1000 units; week 3, 1500 units. The unit production costs during each week are as follows: week 1, $130; week 2, $140; week 3, $150. A holding cost of $20 per unit is assessed against each week's ending inventory. At the beginning of week 1, the company has 500 units on hand. In reality, not all goods produced during a month can be used to meet the current month's demand. To model this fact, assume that only half of the goods produced during a week can be used to meet the current week's demands. a. Determine how to minimize the cost of meeting the demand for the next three weeks
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