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: PRICE PER ITEM AVERAGE MONTHLY DEMAND UNIT 1 700 $ 6.00 2 200 4.00 3. 2,000 12.00 1,100 20.00 4,000 21.00 100 10.00 7 3,000 2.00 2,500 1.00 9 500 10.00 10 1,000 2.00 Develop an ABC classification for these 10 items. Item Monthly Usage (5) Class 1 2 3 4 8 5 6 Develop an ABC classification for these 10 items. Item Monthly Usage ($) Class 1 2 3 4 5 6 7 8 9 10