Exercise - Bell, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $10,400. Bell will group the CDs into three price categories for resale, as indicated below
|
Group
|
No. of CDs
|
Price per CD
|
|
1
|
200
|
$7
|
|
2
|
1,000
|
14
|
|
3
|
200
|
21
|
Determine the cost per CD for each group, using the relative sales value method.