Problem Set #3 – Inventory Management & ControlBourke Enterprise has the following 10 items in inventory. Bourke asks you, a recent production and operations graduate, to categorize these items...

Problem Set #3 – Inventory Management & ControlBourke Enterprise has the following 10 items in inventory. Bourke asks you, a recent production and operations graduate, to categorize these items using the A-B-C classifications. What do you report back to him? Item Code Annual Demand Cost per Unit Annual $ Cost A2 3,000 $50 ?B8 4,000 $12 ?C7 1,500 $45 ?D1 6,000 $10 ?E9 1,000 $20 ?F3 500 $500 ?G2 300 $1,500 ?H2 600 $20 ?I5 1,750 $10 ?J8 2,500 $5 ? Show Your Work: – First compute Annual $ Cost in the above table.