Cullumber, a chain of candy stores, purchases its candy in bulk from its suppliers. For a...
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Cullumber, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $2100 and received 8100 pieces of candy that are allocated among three groups. Group 1 consists of 2410 pieces that are expected to sell for $0.15 each. Group 2 consists of 5320 pieces that are expected to sell for $0.25 each. Group 3 consists of 370 pieces that are expected to sell for $0.61 each. Using the relative sales value method, what is the cost per item in Group 3? $0.67 $0.27 $0.46 $0.61 Cullumber, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $2100 and received 8100 pieces of candy that are allocated among three groups. Group 1 consists of 2410 pieces that are expected to sell for $0.15 each. Group 2 consists of 5320 pieces that are expected to sell for $0.25 each. Group 3 consists of 370 pieces that are expected to sell for $0.61 each. Using the relative sales value method, what is the cost per item in Group 3? $0.67 $0.27 $0.46 $0.61
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