2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 In the past, Taylor Industries has used a fixed-time period inventory system each month. However, increasing labor costs are forcing Taylor Industries to involved in inventory stockrooms, yet without increasing other costs, such a items. ITEM NUMBER 12 13 ITEM NUMBER 1 2 3 4 5 6 7 8 9 10 ANNUAL USAGE $ 1,800 12,500 2,500 51,200 10,000 1,000 2,300 11,500 5,400 15,600 ANNUAL USAGE $ 13,500 900 43, 100 10,400 1,500 10, 700 4,300 62,400 3,800 3,200 15 18 20 a. Classify each item in inventory using an ABC plan. Item Number Class 2. 3 4 6 7 8 9 Prey