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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 $3600 and received 6600
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3600 and received 6600 pieces of candy that are allocated among three groups. Group 1 consists of 1960 pieces that are expected to sell for $0.15 each. Group 2 consists of 4420 pieces that are expected to sell for $0.41 each. Group 3 consists of 220 pieces that are expected to sell for $0.77 each. Using the relative sales value method, what is the cost per item in Group 2?
0.65.
$1.22.
$0.24.
$0.55.
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