The manager of an automobile repair shop hopes to achieve a better allocation of inventory control efforts
Question:
The manager of an automobile repair shop hopes to achieve a better allocation of inventory control efforts by adopting an A-B-C approach to inventory control.
a. Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage:
b. Determine the percentage of items in each category and the annual dollar value for each category.
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