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Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Ramort Company reports the following cost data for its single product.

Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Ramort Company reports the following cost data for its single product. The company regularly sells 18,000 units of its product at a price of $56.00 per unit. Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.)

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