Assume that a new product is developed and that it will

Reference no: EM13578543

Assume that a new product is developed and that it will cost $489 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2010. (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)Calculate the gross profit and cost of goods sold for AMM, Inc., for fiscal 2010.

Reference no: EM13578543

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