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Wildhorse, Inc. buys 1,300 video game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Wildhorse will
Wildhorse, Inc. buys 1,300 video game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Wildhorse will group the CDs into three price categories for resale, as indicated below. Group No. of CDs Price per CD 1 300 $5 2 800 10 3 200 15 Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes. Round answers to 2 decimal places, e.g. 15.25.) Group Cost per CD 1$ 2$ 3$
Wildhorse, Inc. buys 1,300 video game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Wildhorse will group the CDs into three price categories for resale, as indicated below. Determine the cost per CD for each group, using the relative sales value method. (Do not round ratios for computational purposes. Round answers to 2 decimal places, e.g. 15.25.)Step by Step Solution
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