Tamarisk, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games....
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Accounting
Tamarisk, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $6,000. Tamarisk will group the CDs into three price categories for resale, as indicated below.
Group
No. of CDs
Price per CD
1
100
$5
2
700
10
3
300
15
Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes. Round final answers to 2 decimal places, e.g. 5.85.)
Group
Cost per CD
1
$enter a dollar amount rounded to 2 decimal places
2
$enter a dollar amount rounded to 2 decimal places
3
$enter a dollar amount rounded to 2 decimal places
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