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Madison Corporation sells three products ( M , N , and O ) in the following mix: 3 : 1 : 2 . Unit price

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are:
M N O
Unit sales price $ 7 $ 4 $ 6
Unit variable costs 323
Total fixed costs are $340,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

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