A company purchased a bundle of spices for $100. The items were: Spice A: 2.5 kg. with a stand-alone price of $30 per kg; Spice B: 0.5 kg. with a stand-alone price of $60 per kg; and Spice C: 1.0 kg with a stand-alone price of $45 per kg. How should the cost be allocated to the three different spices if the relative sales value method is used?

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If the company spent 100 on a bundle of spices and the individua... View the full answer