Provides plastic parts to shipbuilding industry

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Gringer’s Plastics provides plastic parts to the shipbuilding industry. They gathered the following information on their inventory for ABC classification. Product Unit Cost Volume 1 $12.50 11,200 2 $325.00 160 3 $9.75 23,786 4 $8.50 29,590 5 $175.60 80 6 $1,125.99 26 7 $756.25 41 8 $24.99 5,230 9 $109.25 98 10 $33.00 7,865 11 $6.75 3,489 12 $550.80 26 If 3 of the 12 products would be classified as "A" items, they would be the following product numbers in order of highest to lowest annual dollar volume: The annual dollar volume for product 1 is The annual dollar volume for product 2 is Of the 12 products, the one that would definitely be a "C" item based on ADV is.

Reference no: EM132233805

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