Garners World buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase

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Garners World buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase price for the lot is $7,500. Garners' World will group the CDs into three price categories for resale, as follows:.

Determine the cost per CD for each group, using the relative sales value method.

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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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Question Posted: Sep 18, 2015 12:00 PM

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Garners World buys 1,000 computer game CDs from a distributor that is discontinuing those games. The purchase

Question:

No. of CDs 100 800 100 Group Price per CD $ 5 10 15 5

Step by Step Answer:

Group Number of CDs Sales Price Total Sales Price Rel...View the full answer

Intermediate Accounting

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