Q-6 What is ABC Analysis? ABC Analysis Stock Number Annual $ Volume Percent of Annual $ Volume J24 14000 R26 10500 LO2 4700 M12 3050 P33 770 T72 215 203 S67 Q47 182 V20 180 Total (0) What are the appropriate ABC groups of inventory items? Class A-25-50% of S volume ABC Grouns Annual Volume Class Items Percent of $ Class B = 5-15% of S volume A Class C-Less than 5% of $ volume B Q-7 A certain type of computer costs $1,100, and the annual holding cost is 35%. Annual demand is 11,000 units, and the order cost is $155 per order. What is the approximate economic order quantity