291) Job 227 was recently completed. The following data have been recorded on its job cost sheet:Direct materials$48,870Direct labor-hours405 labor-hoursDirect labor wage rate$13 per labor-hourMachine-hours486 machine-hoursNumber of units completed2,700 unitsThe company applies manufacturing overhead on the basis of machine-hours. The company estimates total overhead of $5,500 and 500 machine hours for the period. The predetermined overhead rate is $11 per machine-hour.Required: Compute the unit product cost that would appear on the job cost sheet for this job. Additionally the company implements a 60% mark up for selling price calculate selling price and gross profit.