Ryerson$1.$ Classify the following inventory items as A$,$ B$,$ or C based onannual dollar value $($ADV$)$:Item AnnualDemandUnitCost $AnnualDollarValue$($ADV$)$Annual DollarValue $($ADV$)$ inorder$\%$ of usage Cumulative $\%$ Class$13,0001030,00029,000327,00031,000710710,00042,500250625,00051,900500950,000640020080,000750010050,00081,0004,3004,300,000920021042,000105,0007203,600,000112,500192480,000121,0003535,000$