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Lincoln Machine Tool Company maintains an inventory pool consisting of 10 items. Each of
these items has a unique demand pattern and may require a different kind of inventory
management system. The annual demand pattern and the unit cost of these items are given in the
following table. Classify the items in A, B, and C categories according to annual dollar usage.
Using the above data, Item 8 will be classified as:
Item Type
Annual Usage
in thousands
Unit Cost
in Dollars
Item 1 10 $2.50
Item 2 30 $1.25
Item 3 20 $16.00
Item 4 10 $0.75
Item 5 20 $3.00
Item 6 30 $2.50
Item 7 60 $14.25
Item 8 22 $10.00
Item 9 100 $2.75
Item 10 300 $4.25
Solution
B. B item
Lincoln Machine Tool Company maintains an inventory pool consisting of (1).docx

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Lincoln Machine Tool Company maintains an inventory pool consisting of (1).docx

  • 1. Lincoln Machine Tool Company maintains an inventory pool consisting of 10 items. Each of these items has a unique demand pattern and may require a different kind of inventory management system. The annual demand pattern and the unit cost of these items are given in the following table. Classify the items in A, B, and C categories according to annual dollar usage. Using the above data, Item 8 will be classified as: Item Type Annual Usage in thousands Unit Cost in Dollars Item 1 10 $2.50 Item 2 30 $1.25 Item 3 20 $16.00 Item 4 10 $0.75 Item 5 20 $3.00 Item 6 30 $2.50 Item 7 60 $14.25 Item 8 22 $10.00 Item 9 100 $2.75 Item 10 300 $4.25 Solution B. B item