PX means the problem may be solved with POM for Windows and$/$or Excel OM$.$

$12\mathrm{.}1$ L$.$ Houts Plastics is a large manufacturer of injection$-$moulded plastics in Ontario. An investigation of the company$$s manufacturing facility in Mississauga yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? PX

L$.$ Houts Plastics Mississauga Inventory Levels

Item Code # Average Inventory $($units$)$ Value $($$$/$unit$)$

$1289$

$400$

$3\mathrm{.}75$

$2347$

$300$

$4\mathrm{.}00$

$2349$

$120$

$2\mathrm{.}50$

$2363$

$75$

$1\mathrm{.}50$

$2394$

$60$

$1\mathrm{.}75$

$2395$

$30$

$2\mathrm{.}00$

$6782$

$20$

$1\mathrm{.}15$

$7844$

$12$

$2\mathrm{.}05$

$8210$

$8$

$1\mathrm{.}80$

$8310$

$7$

$2\mathrm{.}00$

$9111$

$6$

$3\mathrm{.}00$