A manufacturing company produces luxury leather handbags. During the month of October, the company incurred the following costs: direct materials $80,000, direct labor $100,000, manufacturing overhead $60,000, and selling and administrative expenses $40,000. The company produced 1,500 handbags during the month. Calculate the total cost per handbag and the selling price per handbag if the company wants to earn a 50% markup on total cost.