A company does an ABC analysis of its inventory and calculates that out of 5000 items 22% can be classified as A items, 33% as B items, and the remainder as C items. A decision is made that A items are to be cycle counted once a month, B items every 3 months, and C items twice a year. Calculate the total counts and the counts per day by classification.

The company works 5 days per week and 50 weeks per year.

Classification Number of Items Count Frequency per Year Number of Counts per Year % of Total Counts Counts per Day A B C Total counts per year Work days per year Total counts per day LO.1