Question: A company uses ABC classification to group its inventory items. The company operational policy specifies that A items usually comprise 1 0 - 2 5

A company uses ABC classification to group its inventory items. The company operational policy specifies that A items usually comprise 10-25 percent of the total number of items but as much as 50-70 percent of the dollar volume; B items account for 25 percent of the total and 20 percent of the dollar volume; and C items typically make up 50-70 percent of the total number of items and 10-30 percent of the dollar volume. Based on the companys information below, what is the category ofItem 1?

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