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Concord buys 1,000 computer game CDs from a distributor that is discontinuing those games. The...

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Accounting

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Concord buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase price for the lot is $7,400. Concord will group the CDs into three price categories for resale, as follows: Determine the cost per CD for each group, using the relative sales value method. (Round intermediate calculations and final answers to 2 decimal places, es. 52.75.)

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