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Vaughn, Inc. buys1,200computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $9,900. Vaughn will group the
Vaughn, Inc. buys1,200computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $9,900. Vaughn will group the CDs into three price categories for resale, as indicated below.
Group
No. of CDs
Price per CD
1200$7290014310021
Determine the cost per CD for each group, using the relative sales value method.(Do not round ratios for computational purposes. Round final answers to 2 decimal places, e.g. 5.85.)
Group
Cost per CD
1$
2$
3$
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