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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
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.)
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