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Question
Table 9.1
Inventory records show the following:
| Series | Unit Cost | Count |
| Q | $1,751.34 | 6 |
| R | $462.00 | 22 |
| S | $88.44 | 63 |
| T | $382.73 | 14 |
| U | $96.42 | 24 |
| V | $38.04 | 51 |
| W | $34.23 | 17 |
In the context of an ABC inventory classification, use Table 9.1 to ascertain the veracity of this statement. Items in series U are the most C-like of all inventory SKUs.
Answer
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