Question: Partial Question 5 4.55 / 10 pts The following table contains data about the inventory for five items at Jones Corporation. Item # Unit Cost

Partial Question 5 4.55 / 10 pts The following

Partial Question 5 4.55 / 10 pts The following table contains data about the inventory for five items at Jones Corporation. Item # Unit Cost 1 2 3 Beginning Unit Inventory 150,000 40,000 85.000 200,000 50.000 Ending Unit Inventory 120.000 60,000 97,000 170,000 60,000 Annual Unit Sales 480,000 269.000 350,000 206.000 136.000 $52.00 $18.00 $37.00 $3.00 $1.00 4 5 Total 525,000 507.000 1,441,000 Complete the ABC analysis of the five items that Jones Corporation carries in inventory. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place. Omit the "$" & "%" signs in your response.) Item # Annual Sales Revenue % of Annual Sales Revenue Cumulative % of Annual Sales Revenue Class 1 24960000 57.37 57.37 A 2 12950000 29.77 87.14 A 3 4842000 11.13 98.27 B 4 618000 1.42 99.69 5 136000 .31 100 43506000 100 TOTAL

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!