1. In 2017, Baywatch Company incurred the following costs in producing its life jackets:

Direct Material Costs Direct Labor Costs Advertising Costs Overhead Costs

$55,000 60,000 5,000 45,000

Assuming that Baywatch produced 10,000 life jackets and priced them at production cost plus 40%, the selling price of the product was?

The answer is $22.40 please show in steps how to get this answer. (I don't want a word explanation, please show in math and steps.)