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Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3200 and received 7000
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3200 and received 7000 pieces of candy that are allocated among three groups. Group 1 consists of 2080 pieces that are expected to sell for $0.15 each. Group 2 consists of 4660 pieces that are expected to sell for $0.37 each. Group 3 consists of 260 pieces that are expected to sell for $0.73 each. Using the relative sales value method, what is the cost per item in Group 2? $0.53 O $0.46. O $1.05. O $0.22
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