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Gotham Products is a price-taker and uses target pricing. Please refer to the following information: How much is the target full product cost per year?

Gotham Products is a price-taker and uses target pricing. Please refer to the following information:

How much is the target full product cost per year? Assume all units produced are sold.

Production volume Market price Desired operating income Total assets 300,000 $3 15% $2,000,000 units per year per unit of total assets

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