(Solved):   3) Jean-Marie Bourjolly's restaurant has the following inventory items and values: How woul ...

 

3) Jean-Marie Bourjolly's restaurant has the following inventory items and values: How would the plant classify these items according to an ABC classification system considering following tables? (20p) Average Annual Value Item Code inventory Dollar (S/unit) (units) Usage 1 3 85 Class Percentage of inventory items Percentage of annual dollar usage 2 2 250 3 4 23 A 15% - 25% 70% -74% 4 2 3 B 26% - 30% 2 15% - 25% 5 5 6 2 23 C 31% - 50% 2% - 5% 7 5 135 8 3 3 9 3 4 10 6 5