To find the price per ounce, we need to convert the weight from pounds to ounces. Since there are 16 ounces in a pound, a 4-pound bag of cherries is equal to 64 ounces.
To calculate the price per ounce, we divide the total cost of $14.08 by the 64 ounces:
$14.08 / 64 ounces = $0.22 per ounce
Therefore, the price per ounce of the cherries is $0.22.