Question
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
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 Avg. Inventory Value Item Code (units) ($/unit) Dollar Volume % of Dollar Volume 1289 360 3.25 2347 300 4.00 1,200 39.73 2349 120 2.50 300 9.93 2363 75 1.30 2394 60 1.75 105 3.48 2395 30 1.75 6782 20 1.15 23 0.76 7844 12 2.05 25 0.81 8210 8 2.00 8310 7 2.00 14 0.46 9111 6 3.00 18 0.60 3,021
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