Melchior Manufacturing produces a number of products for the containerized cargo industry. They gathered the following information on their inventory.
Product Unit Cost Volume
1 $ 3.75 195000
2 $ 20.25 9900
3 $ 7.55 94909
4 $ 2.90 76700
5 $ 31.98 2450
6 $ 5.98 138200
7 $ 4.50 26700
8 $ 3.75 24205
i. Based on these data, what products would be considered A class inventory in ABC classification?
ii. Based on these data, what products would be considered B class inventory?
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Melchior Manufacturing produces a number of products for the containerized cargo industry. They gath...
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