Question: Pina, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,300. Pina will

Pina, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,300. Pina will group the CDs into three price categories for resale, as indicated below.

Pina, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,300. Pina will group the CDs into three price categories for resale, as indicated below.

Group

No. of CDs

Price per CD

1 300 $8
2 900 15
3 200 23
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 $

Pina, Inc. buys 1,400 computer game CDs from a distributor who is

2 $

discontinuing those games. The purchase price for the lot is $10,300. Pina

3 $

will group the CDs into three price categories for resale, as indicated

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

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