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Sunland, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,500. Sunland will
Sunland, Inc. buys 1,100 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,500. Sunland will group the CDs into three price categories for resale, as indicated below. Group 1 2 3 No. of CDs 300 700 100 Price per CD $5 10 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 $ $ 2 $ 3 $
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