Based on the following data, use the ABC inventory control to determine A, B, and C items. 1. Calculate the Annual $ Usage in the following table. Part Number 1 3 4 5 Unit Usage Unit Cost $ Annual $ Usage 780 $32.00 $ 2 500 $5.00 $ 3 15 $100.00 $ 1300 $2.00 $ 5 1550 $4.00 $ 640 $95.00 $ 7 135 $55.00 $ 8 2000 $1.00 $ CO 2. Use the following table to sort the parts and determine A, B, and items (keep two decimal digits when necessary, eg. when calculating percentage, inout 50.00. Instead of 50). Part Number Annual $ Usage Cumulative $ USO Cumulative WS Usage Cumulative Cumulative % of items ABC Class # Items $ $ 1 96 96 $ $ 2 % $ 3 46 % $ 4 96 5 $ * 6 $ % 36 7 $ 36 8 $ % %