Please Please Show your steps • Determine an A-B-C classification for these items: • Which items are A, B, and C - explain how you derive the answers? Item Unit Cost Annual Volume (00) 1 $100 25 2 80 30 3 15 60 4 50 10 5 11 70 6 60 85 7. 10 60 Hint: Determine the Annual Dollar Value (Unit Cost * Annual Volume) for each item and the sum of the individual Annual Dollar Values. Arrange the items in descending order based on Annual Dollar Values. Then, determine the percentage of items and the percentage of Annual Dollar Value for each category (round to two decimals). Determine the A, B, and C items.