Question: The Windwalker Company has collected the following data for one of its product lines: total production costs, $300,000; total selling, general, and administrative expenses, $112,600;

The Windwalker Company has collected the following data for one of its product lines: total production costs, $300,000; total selling, general, and administrative expenses, $112,600; desired profit, $67,400; and production costs per unit, $50. Using the gross margin pricing method, compute a suggested selling price for this product that would yield the desired profit.

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