Question
Novak, Inc. buys 1,200 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,500. Novak will
Novak, Inc. buys 1,200 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,500. Novak will group the CDs into three price categories for resale, as indicated below.
| Group | No. of CDs | Price per CD | |||
|---|---|---|---|---|---|
| 1 | 200 | $5 | |||
| 2 | 700 | 10 | |||
| 3 | 300 | 15 | |||
Determine the cost per CD for each group, using the relative sales value method.
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Regulation Audit Inspection Standards And Risk A Handbook For Street Level Regulators
Authors: John E Brady, Amy J Brady
1st Edition
0993082238, 978-0993082238
