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Skysong, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,000. Skysong will
Skysong, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,000. Skysong will group the CDs into three price categories for resale, as indicated below.
Group | No. of CDs | Price per CD | |||
---|---|---|---|---|---|
1 | 200 | $5 | |||
2 | 600 | 10 | |||
3 | 200 | 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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