1 cup of caramel bits is equal to about 25 kraft caramels. 25 kraft caramels weigh about 5.5 ounces, therefore 1 cup of unwrapped caramel bits weighs about 5.5 ounces. if a recipe calls for 14 ounces of unwrapped caramels, you will need about 2 1/2 cups of caramel bits.