Harriet has been told about an ABC inventory analysis. She has accumulated the following annual figures for her flower shop: roses, $10,000; ribbon, $100; bud vases, $1,000; pins, $15; glass bowls, $500; ceramic pots, $3,000; wrapping paper, $250; carnations, $5,500.
a. Using the percent of total inventory cost, if these were her total inventory costs, what items should be classified as A items?
b. What items are C items?