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Sheridan, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11.000. Sheridan will

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Sheridan, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11.000. Sheridan will group the CDs into three price categories for resale, as indicated below. Group 1 No. of CDs Price per CD 100 $5 900 10 100 15 2 3 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, eg. 5.85.) Group Cost per CD 1 $ 9.90 N $ 10.02 3 9.90 Save for Later Last saved 30 minutes ago Attempts: 1 of 5 used Submit

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