The cost of each orange in the bag is $0.249 (Approx.) by the costing method.
Costing based problem:
What information do we have?
Total number of oranges in beg = 12
Cost of bag = $2.99
Cost of each orange = Cost of bag / Total number of oranges in beg
Cost of each orange = 2.99 / 12
Cost of each orange = 0.249 (Approx.)
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