In the pastr Taylor Industries has used a xedtime period inventory system that involved taking a complete inventory,r count of all items each month. However, increasing labor costs are forcing Taylor Industries to examine alternative ways to reduce the amount of labor involved in inventory stockrooms, yet without increasing other costs, such as shortage costs. Here is a random sample of 2G of Taylor's items. ITEM mm ITEM mum NUMBER LEAGE NLHBEFI USAGE 1 5 2,933 11 1 13,333 2 12,933 12 1, 133 3 2,?93 13 43,393 4 52 , 133 14 19,?33 5 19,433 15 1,?33 3 1, 293 13 11,933 ? 2, 533 1? 4,533 a 11,933 13 33,433 9 5,?93 19 4, 193 13 15,933 23 3, 533 a. Classify each item in inventory using an ABC plan