Problem $7-5($Algo$)$

The following table contains data about the inventory for five items at Jones Corporation.

Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank$-$order each item $($row$)$ based on $"\%$ of

Annual Sales Revenue" in descending order.

Note: Round your annual sales to the nearest dollar amount and other answers to $1$ decimal place.The following table contains data about the inventory for five items at Jones Corporation.

Item # Beginning Unit Inventory Ending Unit Inventory Annual Unit Sales Unit Cost

$1350,000320,000568,000$ $$16$

$260,00080,000136,000$ $$50$

$3105,000117,000164,000$ $$3$

$4400,000370,000278,000$ $$9$

$570,00080,000265,000$ $$1$

Total $985,000967,0001,411,000$

Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank$-$order each item $($row$)$ based on $"\%$ of Annual Sales Revenue" in descending order.

Note: Round your annual sales to the nearest dollar amount and other answers to $1$ decimal place.