Please solve part (a) and (b) clearly and correctly in order to facilitate understanding.

Task 4 (Inventory Control) Terumo Industries Ltd has a large manufacturing facility in Taiwan where the company manufactures majority of their items. In order to facilitate a smooth production, the company keeps the needed items in stock. Table Q4 lists the total items the company keeps in stock, with the annual usage and item unit cost. a. Categorize the items in the company stock as Class A, B and C based on the 70 -20-10 rule. (15 Marks) b. Prepare a Pareto Chart showing the three classes of stock