Determine the cost per cd assigned to each group using the, Ask an Expert

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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, Accounting

Category:- Accounting Basics
Reference No.:- M982141

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