Problem 12.1L. 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? ​(Rounddollar volume to the nearest whole number and percentage of dollar volume to two decimal​ places.)L. Houts Plastics Charlotte Inventory LevelsItem CodeAvg. Inventory​ (units)Value​($/unit)DollarVolume​% of Dollar Volume12893803.75nothingnothing23473004.001 comma 20036.3223491202.503009.082363751.80nothingnothing2394601.751053.182395251.75nothingnothing6782201.15230.707844122.05250.748210101.60nothingnothing831072.00140.42911163.00180.543 comma 304Enter your answer in the edit fields and then click Check Answer.

Question

Problem 12.1

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.)

L. Houts Plastics Charlotte Inventory Levels
Item Code

Avg. Inventory​ (units)

Value
​($/unit)

Dollar
Volume

​% of Dollar Volume
1289
380

3.75

nothing

nothing
2347
300

4.00

1 comma 200

36.32
2349
120

2.50

300

9.08
2363
75

1.80

nothing

nothing
2394
60

1.75

105

3.18
2395
25

1.75

nothing

nothing
6782
20

1.15

23

0.70
7844
12

2.05

25

0.74
8210
10

1.60

nothing

nothing
8310
7

2.00

14

0.42
9111
6

3.00

18

0.54

3 comma 304

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ABC Classification of Inventory

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