FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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. A company does an ABC analysis of its inventory and calculates that out of 10,000
items, 19% can be classified as A items, 30% as B items, and the remainder as C
items. A decision is made that A items are to be cycle counted twice a month, B
items every 3 months, and C items once a year. Calculate the total counts and the
counts per day by classification. There are 250 working days per year.
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