Bell, Inc. buys 1,200 computer game CDs from a distributor who is discontinuing those games....
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Accounting
Bell, Inc. buys 1,200 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $14,800. Bell will group the CDs into three price categories for resale, as indicated below Group No. of CDs
Price per CD
1) 200 @ $6
2) 800 @ $12
3) 200 @ $19
Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes and round final answers to 2 decimal places, e.g. 5.85.)
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