In the past. Taylor Industries has used a fixed-time period inventory system that involved taking a...

 

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In the past. Taylor Industries has used a fixed-time period inventory system that involved taking a complete inventory count of all items each month. However, increasing labor costs are forcing Taylor Industries to examine alternative ways to reduce the amount of labor involved in inventory stockrooms, yet without increasing other costs, such as shortage costs. Here is a random sample of 20 of Taylor's items. ITEM NUMBER 1234567699 8 10 $ ANNUAL USAGE Item Number 1,800 12,500 2,500 51,200 10,000 1,000 2,300 18 11,500 5,400 19 15,600 20 ITEM NUMBER 11 12 13 14 15 16 17 2 3 4 5 7 8 G ANNUAL USAGE $ 13,500 900 a. Classify each item in inventory using an ABC plan. Class 43,100 10,400 1,500 10,700 4,300 62,400 3,800 3,200 Topic 7 Assignment i 5 2.14 points. Skipped eBook Print References Mc Graw Hill Item Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Class < Prev Saved 5 of 14 H+ www Next > Help Save & Exit Submit Check my work In the past. Taylor Industries has used a fixed-time period inventory system that involved taking a complete inventory count of all items each month. However, increasing labor costs are forcing Taylor Industries to examine alternative ways to reduce the amount of labor involved in inventory stockrooms, yet without increasing other costs, such as shortage costs. Here is a random sample of 20 of Taylor's items. ITEM NUMBER 1234567699 8 10 $ ANNUAL USAGE Item Number 1,800 12,500 2,500 51,200 10,000 1,000 2,300 18 11,500 5,400 19 15,600 20 ITEM NUMBER 11 12 13 14 15 16 17 2 3 4 5 7 8 G ANNUAL USAGE $ 13,500 900 a. Classify each item in inventory using an ABC plan. Class 43,100 10,400 1,500 10,700 4,300 62,400 3,800 3,200 Topic 7 Assignment i 5 2.14 points. Skipped eBook Print References Mc Graw Hill Item Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Class < Prev Saved 5 of 14 H+ www Next > Help Save & Exit Submit Check my work

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