Gamers' World buys 1,000 computer game CDs from a distributor that is discontinuing those games....
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Accounting
Gamers' World buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase price for the lot is $7,700. Gamers' World will group the CDs into three price categories for resale, as follows: Group 1 Number of CDs 100 800 100 Price per CD $4 2 3 16 Determine the cost per CD for each group, using the relative sales value method. (Round intermediate calculations and final answers to 2 decimal places, eg. 52.75.) Cost per CD Group $ | Group 2 $ Group 3 $
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