Analyze the Following Data to Produce an ABC Classification Based

Essay

Analyze the following data to produce an ABC classification based on annual dollar usage:
part number annual unit usage unit cost $ annual $ usage ABC Classification $$\begin{array} { l l l } 1 & 200 & 10 \\ 2 & 15,000 & 4 \\3 & 60,000 & 6 \\4 & 15,000 & 15 \\5 & 1,400 & 10 \\6 & 100 & 50 \\7 & 25,000 & 2 \\8 & 700 & 3 \\9 & 25,000 & 1 \\10 & 7,500 & 1\end{array}$$