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What the cost of each one-pound bag of cornflakes is

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Question 1: VNN, Inc. purchased 100 pounds of cornflakes for $100. Transportation cost to VNN's production facility was $25 for the barrel of cornflakes shipped FOB destination. VNN paid $60 for 100 one-pound biodegradable plastic bags into which the cornflakes were placed. The cost of each one-pound bag of cornflakes is:

Group of answer choices

Option 1: $1.00.

Option 2: $1.25.

Option 3: $1.60.

Option 4: $1.75.

Reference no: EM132513830

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