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.