Problem 12.1 Question Help L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code L. Houts Plastics Charlotte Inventory Levels Avg. Inventory Value Dollar (units) ($/unit) Volume 380 4.25 % of Dollar Volume 1289 300 2347 2349 4.00 2.50 1,200 300 34.31 8.58 120 2363 75 1.80 2394 60 1.75 105 3.00 2395 30 1.75 6782 7844 20 12 1.15 2.05 23 25 0.66 0.70 8210 5 2.00 8310 9111 7 6 2.00 3.00 14 18 0.40 0.51 3,497