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Testbank Multiple Choice Question 87 Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company
Testbank Multiple Choice Question 87 Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $2600 and received 7600 pieces of candy that are allocated among three groups. Group 1 consists of 2260 pieces that are expected to sell for $0.15 each. Group 2 consists of 5020 pieces that are expected to sell for $0.30 each. Group 3 consists of 320 pieces that are expected to sell for $0.66 each. Using the relative sales value method, what is the cost per item in Group 2? $0.34 $0.19. $0.38. $0.83
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