6. 1.66 points Net sales for the year were $850,000 and cost of goods sold...
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6. 1.66 points Net sales for the year were $850,000 and cost of goods sold was $561,000 for the company's existng products. A new product is prosenty under development $64 per unit in order to remain competitive with similar products in the marketplace and has an expected selling price of not more than Required: a. Caloulate gross profit and the gross proft ratio for the year b what is thomanimum cost per unit that can be named to manufachare the new product so that the proact can be moed competitvety and w not result in not round intermediate calculations Round your final answer to 2 decimal places red son to the compan s goss proft rado? )o per unt
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