It is generally believed that LBOs (leveraged buyouts) occur because of: managerial mistakes or self-interest. poor financial performance. lack of managerial knowledge and expertise. changes in the competitive environment.

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)