Slocum Company has determined the following information about a new product. The manufacturing process used for the product is very complex and it has a higher proportion of indirect costs than direct costs. The company wants a 100% markup on cost. The following data is available: Product cost according to traditional costing system $4.00 per unit Product cost according to activity-based costing system $7.00 per unit What price per unit should Slocum Company use for this new product? SHOW WORK