Question: Current Attempt in Progress Coronado, Inc. buys 1.000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot

 Current Attempt in Progress Coronado, Inc. buys 1.000 computer game CDs

Current Attempt in Progress Coronado, Inc. buys 1.000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $9,500. Coronado will group the CDs into three price categories for resale, as indicated below. Group 1 2 3 No. of CDs 100 800 100 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 $ eTextbook and Media Sive for Later Attempts: unlimited Submit

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