Question: Your manager asked you to categorize the five inventory items carried in your store. The annual volume (units) as well as the unit cost are

Your manager asked you to categorize the five inventory items carried in your store. The annual volume (units) as well as the unit cost are provided for these items (P1, P2, P3, P4, P5): Item Annual volume (units) Unit cost ($) P1 300 30 P2 75 100 P3 50 50 P4 100 80 P5 200 90 You decide to make an ABC analysis based on annual dollar volume. Which item would you consider to be the most critical? A. P5 since it has the highest annual unit volume B. P1 since it has the highest annual dollar volume C. P5 since it has the highest annual dollar volume D. P1 since it has the highest annual unit volume E. P2 since it has the highest unit cost

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