Given the Information Below, Conduct an ABC Analysis and Determine

Essay

Given the information below, conduct an ABC analysis and determine which items should be classified as A, B, and C. $\begin{array}{|c|r|r|}\hline\text { SKU } & \text { Annual Usage } & \text { Item Value (\$) } \\\hline \text { A } & 2,800 & 0.22 \\\hline \mathrm{B} & 300 & 50.00 \\\hline \mathrm{C} & 275 & 11.00 \\\hline \mathrm{D} & 700 & 8.00 \\\hline \mathrm{E} & 45 & 400.00 \\\hline \mathrm{F} & 1,250 & 0.80 \\\hline \mathrm{G} & 2,000 & 0.60 \\\hline\end{array}$