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Net sales for the year were $800,000 and cost of goods sold was $520,000 for the companys existing products. A new product is presently under
| Net sales for the year were $800,000 and cost of goods sold was $520,000 for the companys existing products. A new product is presently under development and will have an expected selling price of not more than $63 per unit in order to remain competitive with similar products in the marketplace. |
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