Question: Given the following inventory information, construct an ABC analysis by annual ringgit Malaysia usage, an ABC analysis by current inventory value and an ABC inventory

Given the following inventory information,

Given the following inventory information, construct an ABC analysis by annual ringgit Malaysia usage, an ABC analysis by current inventory value and an ABC inventory matrix Also, comment on whether the firm is stocking the correct inventory Item Number Item Cost (RM) Annual Usage (Units) Current Inventory (Units) AA12 0.50 500 800 BB23 50.00 100 150 CC34 1.00 2000 1500 DD45 48.00 600 1000 EE56 6.50 1500 800 15.00 6000 FF67 GG78 0.75 11.50 4000 3500 7000 1200 6500 HH89 JJ10 25.00 840 900 KK11 4.00 250 50

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