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

Question

Bell, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11,900. Bell 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 and round final answers to 2 decimal places, e.g. 5.85.)
Group

1   $_______

2 $_______

3 $_______

Explanation / Answer

cost %=11,900/200*6+1000*13+200*19=60.55%

Group

1   $6*60.55%=3.63

2 $13*60.55%=7.87

3 $19*60.55%=11.50

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