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Lakeside Inc. is considering whether to enter the market to produce and sell Product X. The market selling price for Product X is well established

Lakeside Inc. is considering whether to enter the market to produce and sell Product X. The market selling price for Product X is well established at $620 per unit, and Lakeside requires a profit margin of 25% on product lines.

Required: Calculate the target cost per unit Lakeside must achieve to produce Product X.

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