Question: Use data in the table below to classify the various SKUs (stock keeping units) as A, B or C items. Show all your calculations and

Use data in the table below to classify the various SKUs (stock keeping units) as A, B or C items. Show all your calculations and steps.

SKU # Cost / unit ($) Units used per year
1001 $ 2.25 5,000
1002 $ 16.00 1,500
1003 $ 200.00 180
1004 $ 8.50 450
1005 $ 17.50 6,750
1006 $ 22.00 3,200
1007 $ 1.50 10,000

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