Question: Inventory Classification Based on Annual Dollar Usage Formulas $ Do not round intermediate calculations. Round your answers to the nearest whole number. Excel Online Structured

Inventory Classification Based on Annual Dollar

Inventory Classification Based on Annual Dollar Usage Formulas $ Do not round intermediate calculations. Round your answers to the nearest whole number. Excel Online Structured Activity: Inventory Classification The data for 10 inventoried items of a small company has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel One to develop inventory classification based on annual inventory dollar usage and answer the following questions. (Note: This example illustrates that judgment must be applied when using the ABC classification method, and the 80/20 rule should only be used as a general guideline.)

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