Question 3:

PART NUMBER	ANNUAL UNIT USAGE	UNIT COST $
1	200	10
2	15,000	4
3	60,000	6
4	15,000	15
5	1,400	10
6	100	50
7	25,000	2
8	700	3
9	25,000	1
10	7,500	1

Analyze the above dataset to produce an ABC classification following these steps:

1. Calculate the annual dollar usage for each item.
2. List the items according to their annual dollar usage
3. Calculate the cumulative annual dollar usage and the cumulative percentage of items.
4. Group items into an A, B, C classification.