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Metlock, Inc. buys 1,000 video game CDs from a distributor who is discontinuing those games....

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Accounting

Metlock, Inc. buys 1,000 video game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $7,500. Metlock will group the CDs into three price categories for resale, as indicated below.
\table[[Group,No. of CDs,Price per CD],[1,100,$5
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