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Nike, Inc. incurs total costs of $500,000 to produce 10,000 units of its product. The company applies a markup of 40% on total costs to

  1. Nike, Inc. incurs total costs of $500,000 to produce 10,000 units of its product. The company applies a markup of 40% on total costs to determine the selling price. Calculate the selling price per unit using the cost-plus pricing method.

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