Craftware inc., a furniture manufacturer, uses abc analysis to define its inventory value. the inventory contains wood, cast iron, adhesive, and carbon fiber. if wood accounts for 50 percent of the items and 5 percent of the total dollar value; carbon fiber accounts for 10 percent of the items and 60 percent of the total dollar value; cast iron accounts for 25 percent of the items and 18 percent of the total dollar value; and adhesive accounts for 15 percent of the items and 17 percent of the total dollar value, can be classified as a class c item.