Bell, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase

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Bell, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Bell will group the CDs into three price categories for resale, as indicated below.

Determine the cost per CD for each group, using the relative sales value method.

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Feb 19, 2011 02:24 AM

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Bell, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase

Question:

No. of CDs 100 Price per CD Group 10 15 800 100 3

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Group 1 2 3 Number of CDs 100 800 100 Sales Price pe...View the full answer

Intermediate Accounting

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