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Problems 17. Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers For a recent shipment, the company paid $1,800 and
Problems 17. Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers For a recent shipment, the company paid $1,800 and received 8,500 pieces of candy that are allocated among three groups. Group 1 consists of 2,500 pieces that are expected to sell for $0.15 each. Group 2 consists of 5,500 pieces that are expected to sell for 0.36 each. Group 3 consists of 500 pieces that are expected to sell for $0.72 each. Using the relative sales value method, calculate the following (9 points) (a) What is the total cost to be allocated among the three groups? s (b) What is the cost to be allocated to group 27 5 (c) What is the cost per item in group 27 S
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