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Question - Bell, Inc. buys-1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Bell will group the CDs into three price categories for resale, as indicated below.
Group
No. of CDs
Price per CD
1
100
$5
2
800
10
3
15
Required - Determine the cost per CD-for each group, using the relative sales value method.
The only other transaction during 20X6 was the purchase of $5,000 of equipment for cash near the end of the year. How much were Microtel's total assets
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