You are asked by a company to classify its stock using the ABC system. Following is a list of items the company stocks and the annual demand and unit value for each. Item Annual Usage Unit Cost (S) A 100 8 185 15 800 33 92 900 46 500 F 33 678 G 208 398 H 500 42 295 1543 J 360 20 K 240 210 L 67 2156 215 503 102 63 Classify the inventory items according to the ABC approach using dollar value of annual demand. Explain your calculation process and results below.