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What is the cost per item in group

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Problem 1: Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $4100 and received 6100 pieces of candy that are allocated among three groups. Group 1 consists of 1810 pieces that are expected to sell for $0.15 each. Group 2 consists of 4120 pieces that are expected to sell for $0.46 each. Group 3 consists of 170 pieces that are expected to sell for $0.82 each. Using the relative sales value method, what is the cost per item in Group 1?

Option 1: $0.82.

Option 2: $0.27.

Option 3: $1.46.

Option 4: $0.67.

Reference no: EM132690191

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