Question 4 (20 Marks) ABC inventory classification is used in inventory management to assist with finding the most essential products in their group and make sure these are well managed above those less valuable. This classification is based on the theory that all inventory is not of equal value. It follows the Pareto Principle, where 20% of inventory accounts for 80% of the value to the organisation. Use the above statement and the information in the table below to show how the food manufacturing companys Stationery department can classify its inventory using the annual consumption value. The food manufacturing companys Stationery business as the example: