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Determine the cost per cd for each group

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Question - Marin, Inc. buys 1,200 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,600. Marin will group the CDs into three price categories for resale, as indicated below.

Group # of cd's Price per cd

1 100 $6

2 800 11

3 300 17

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

Reference no: EM132288924

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