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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?
Item Code
Average Inventory (Units)
Value (s/unit)
1289
400
3.75
2347
300
4.00
2349
120
2.50
2363
75
1.50
2394
60
1.75
2395
30
2.00
6782
20
1.15
7844
12
2.05
8210
8
1.80
8310
7
9111
6
3.00
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