Business, 08.04.2020 01:16 han68

Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3100 and received 7100 pieces of candy that are allocated among three groups. Group 1 consists of 2110 pieces that are expected to sell for $0.15 each. Group 2 consists of 4720 pieces that are expected to sell for $0.35 each. Group 3 consists of 270 pieces that are expected to sell for $0.71 each. Using the relative sales value method, what is the cost per item in Group 1?

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Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent...

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