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Swifty, Inc. buys 1,400 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $7,000. Swifty will group the CDs into three price categories for resale, as indicated below. Group No. of CDs Price per CD 1. 300 $5 2. 800 10 3. 300 15Determine the cost per CD for each group using the relative sales value method (round to 2 decimal places)
Group 1 _________
Group 2 _________
Group 3 __________

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Answer:

Group 1 CD cost per unit = $2.50

Group 2 CD cost per unit = $5.00

Group 3 CD cost per unit = $7.50

Explanation:

Group 1 : 300 CDs x $5 per CD = $1,500

Group 2 : 800 CDs x $10 per CD = $8,000

Group 3 : 300 CDs x $15 per CD = $4,500

total sales price = $1,500 + $8,000 + $4,500 = $14,000

total cost of 1,400 CDs = $7,000

cost per CD relative to sales value = $7,000 / $14,000 = 0.5

Group 1 CD cost per unit = $5 x 0.5 = $2.50

Group 2 CD cost per unit = $10 x 0.5 = $5.00

Group 3 CD cost per unit = $15 x 0.5 = $7.50