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The material cost for a product is $ 2 , 2 5 6 The labor cost is $ 1 , 6 8 0 The manufacturing

The material cost for a product is $

2, 256

The labor cost is $

1, 680

The manufacturing overhead is $

1200

SG&A is apportioned at $

700

The required profit is

15 %

of total costs.

What is the appropriate price? Round to the nearest penny, if applicable.

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