e Gringer\'s Plastics provides plastic parts to the shipbuilding industry. They
ID: 356788 • Letter: E
Question
e Gringer's Plastics provides plastic parts to the shipbuilding industry. They gathered the following information on their inventory for ABC classification. Product Unit Cost $12.50 $325.00 $9.75 $8.50 $175.60 $1,125.99 $756.25 $24.99 Volume 11,200 160 23,786 29,590 80 26 41 5,230 98 7,865 3,489 3 5 8 9$%109.25 10 $33.00 $6.75 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 isExplanation / Answer
If 3 of the 12 products would be classified as "A" ietms, they would be the following product numbers in the order of highest to lowest annual dollar volume.
Product 7
Product 6
Product 12
The annual dollar volume for product 1 is = $140000 (Unit Cost * Volume)
The annual dollar volume for product 2 is = $52000 (Unit Cost * Volume)
Of the 12 products, the one that would definitely be a "C" item based on ADV is Product 4
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