Problem 11-42 (Static) DAT, Inc. produces digital audiotapes to be used in the consumer audio division. DAT lacks sufficient personnel in its inventory supply section to closely control each item stocked, so it has asked you to determine an ABC classification. Here is a sample from the inventory records: AVERAGE PRICE PER ITEM MONTHLY DEMAND UNIT $6.00 1 700 200 4.00 3 2,000 12.00 20.00 4 1,100 4,000 100 21.00 6 10.00 2.00 7 3,000 2,500 500 8 1.00 10.00 2.00 9 10 1,000 Develop an ABC classification for these 10 items. Monthly Usage ($) Class Item 1 2 3 5 6 7 8 Assignment #2 W 11/13 Saved AVERAGE PRICE PER 1 ITEM .1 MONTHLY DEMAND 700 200 2,000 1,100 4,000 100 3,000 2,500 500 1,000 $ 6.00 4.00 12.00 3 20.00 5 21.00 6 10.00 7 2.00 1.00 8 9 10.00 10 2.00 Book Terences Develop an ABC classification for these 10 items. Monthly Usage (S) Item Class 3 4 6 7 8 9 10