Determine the cost per cd assigned to each group, Accounting Basics

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Determine the cost per cd assigned to each group

Hana Inc. buys 1,000 computer game Cds from a distributor who is discountinuing those games. The purchase price for the lot is $1,800. Hana will group the CDs into 3 price categories for the resale as indicated below.

Group 1: 100 CDs at $5
Group 2: 800 CDs at $10
Group 3: 100 CDs at $15

Determine the cost per CD assigned to each group using the relative sales value method.

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Accounting Basics: Determine the cost per cd assigned to each group

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Accounting Basics: Determine the cost per cd assigned to each group

Reference No:- TGS082141

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Determine the cost per cd assigned to each group

Reference No:- TGS082141

Recent Questions Asked Accounting Basics

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