Disassembly scheduling is the problem of determining the ordering and disassembly schedules of used or end-of-life products while satisfying the demand of their parts or components over a certain planning horizon. This paper considers the case of the assembly product structure for the cost-based objective of minimizing the sum of purchase, setup, inventory holding, and disassembly operation costs. To represent and solve the problem optimally, this paper presents an integer programming model, which is a reversed form of the multi-level lot sizing formulation. Computational experiments on an example derived from the literature and a number of randomly generated test problems are done and the results are reported.