Question: Question 4. Perform an ABC Inventory Classification Analysis for approximate percent usage of 80% usage for Class A items, 15% usage for Class B items,

Question 4. Perform an ABC Inventory Classification Analysis for approximate percent usage of 80% usage for Class A items, 15% usage for Class B items, and 5% for Class C items. Also, perform a Cycle Counting Schedule where the cycle count is monthly for Class A items, quarterly for Class B items and 6 months for Class C items. Assume 20 days per month. # SKU Units 1 12854 100 12649 500 12445 1000 12749 400 12028 640 6 12116 400 7 12323 120 8 1290 600 9 1210 920 10 129950 2400 234 5 Unit Cost 4250 380 55 80 45 40 110 9 3 0.5 How many statements are correct? 0 1 2 3 (A) The usage for SKU-12854 is $4250. (B) The percent usage for SKU-12116 is approximately 2%. (C) The count/day for Class A items is 30, Class B items is 34, and Class C items is 37

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