(Answered) The following table contains figures on the monthly volume

Management Studies

The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility. Develop an A- B- C classification for these items:

a. The following table contains figures on the monthly volume

b. Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage:

c. Determine the percentage of items in each category and the annual dollar value for each category for part b.

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