stuaent instructions:

After studying the selective inventory control $($ABC method$),$ take the following quiz.

You will have only one $(1)$ attempt to send this quiz by Assignment.

The quiz is worth $20$ points

The deadline for taking the quiz is indicated on "Tools", which is located in "Calendar" in the "Blackboard" platform

Lockwood Industries is considering the use of ABC analysis to focus on the most critical items in its inventory. For a random sample of eight items, the following table shows the annual dollar usage. Rank the items, and assign them to the A$,$ B or C class

The annual usage for item $1$ is the last $5$ digits of your student ID $($example ID $987654$ the anual usage will be $87654)$

$\backslash$table$[[$Item$,$Annual Usage,Cost $($$$),\backslash$table$[[$Annual Dollar$],[$Usage$]],$Rank$],[1,,0\mathrm{.}49,,],[2,95000,0\mathrm{.}79,,],[3,14000,0\mathrm{.}03,,],[4,10000,0\mathrm{.}79,,],[5,2000,0\mathrm{.}52,,],[6,100000,0\mathrm{.}42,,],[7,24000,0\mathrm{.}96,,],[8,180000,0\mathrm{.}38,,],[$Item$,\backslash$table$[[$Annual Dollar$],[$Usage$]],\backslash$table$[[$Cumulative$],[$Dollar Usage$]],\backslash$table$[[$Cumulative$],[$Percentage $(\%)$