Question: Please answer in excel format with the formulas showing. A screenshot works perfectly. Problem 34 worth 5 points. Norman Stark, inventory analyst at fictional Grimault

Please answer in excel format with the formulas showing. A screenshot works perfectly.
Problem 34 worth 5 points. Norman Stark, inventory analyst at fictional Grimault industries, is considering the use of the ABC method of classifying inventory so that he can exercise better control over the critical items in the company's inventory. He collected a random sample of 10 inventory items, and their unit cost and annual usage are given in the following table. Using the ABC method to classify these inventory items. Item Unit Cost (in U.S. dollars) 1 1.40 2 3 Annual Usage (in units) 6,000 1,500 11,000 6,500 8,500 7,000 6,000 5,500 8,000 4,000 10.00 9.50 2.50 4 5 0.60 6 7 14.50 0.80 1.20 3.50 8 9 10 2.50Step by Step Solution
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