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(6) Classify each material into ABC category and determine the average inventory in dollars. 20 Give the number of orders you have assigned for these categories in the Number of Orders column (Use 8 for A, 4 for B, and 2 for C). Use thresholds between A and B as $100,000, and between B and C as $25,000. ABC Number of Material Price/ Demand Consumption No. unit units $/year Average Inventory Classification Orders (A/B/C) $ 1 2.00 4,000 8,000 Material Price Demand Consumption ABC Number of No. unit units S/year Classification Orders (A/B/C) Average Inventory $ 1 2.00 4,000 8,000 2 6.45 1,400 9,030 3 9.35 12.200 114,070 4 12.70 5,500 69,850 5 2.25 4,500 10,125 ON 6 9.35 12.200 114,070 7 38.50 255 9,817.5 oo 8 8.00 1,700 13,600 7. 38.50 255 9,817.5 8. 8.00 1,700 13,600 9. 1.40 40,000 56,000 510 4.00 3,300 13,200 Total