Business, 16.09.2021 19:00 kelechikamalu1

In the past, taylor industries involved taking a complete inventory count of all items each month. However, increasing labor costs are forcing taylor industries to examine alternative ways to reduce the amount of labor involved in inventory stockrooms, yet without increasing other costs, such as shortage costs. Here is a random sample of 20 of taylor’s items. ITEM NUMBER ANNUAL USAGE ITEM NUMBER ANNUAL USAGE
1 $2,000 11 $13,900
2 12,800 12 1,100
3 2,700 13 43,800
4 52,100 14 10,700
5 10,400 15 1,700

Required:
What would you recommend Taylor do to cut back its labor cost?

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In the past, taylor industries involved taking a complete inventory count of all items each month. H...

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