Question: Question content area Part 1 L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility

Question content area

Part 1

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 Avg. Inventory (units) Value ($/unit) 1289 360 3.25 2347 300 4.00 2349 120 2.50 2363 70 1.80 2394 60 1.75 2395 25 2.00 6782 20 1.15 7844 12 2.05 8210 8 1.60 8310 7 2.00 9111 6 3.00

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