Tamarisk, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games....
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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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