The steps to calculating each ingredient:

Step $1$: Cost per Unit $/$ Purchase Unit $=$ Cost per Fluid Ounce

Step $2$: Cost per Fluid Ounce x Amount used in Recipe $=$ Ingredient Cost$

Step $3$: Add all Ingredient Costs$ $=$ Total Ingredient Cost

Recipe costing is an important part of every manager$$s job. Apply what you know to find the per$-$drink cost for each of the two recipes listed. Round your answer to the nearest penny.