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The following Microsoft Excel Online file contains data on ten inventoried products from a small business. Use the Microsoft Excel Online file below to create
The following Microsoft Excel Online file contains data on ten inventoried products from a small business. Use the Microsoft Excel Online file below to create inventory classifications based on annual inventory dollar utilization and to complete the questions below. (Note: This example demonstrates that when utilizing the ABC categorization approach, judgment is required, and the 80/20 ratio should only be utilized as a general guideline.)