DAT, Inc. produces digital audiotapes to be used in the consumer audio division. DAT lacks sufficient personnel in its inventory supply section to closely control each item stocked, so it has asked you to determine an ABC classification. Here is a sample from the inventory records: Item Average Monthly Price Item Average Monthly Price
Demand Per Unit Demand Per Unit
1 700 $6.00 6 100 10.00
2 200 4.00 7 3,000 2.00
3 2,000 12.00 8 3,000 2.00
4 1,100 20.00 9 500 10.00
5 4,000 21.00 10 1,000 2.00
Develop an ABC classification for these 10 items.