ABCD Corporation manufactures designer handbags. During the month of August, the company incurred the following costs: direct materials $80,000, direct labor $60,000, manufacturing overhead $40,000, and selling and administrative expenses $30,000. The company produced 1,000 handbags during the month. Calculate the total cost per handbag and the selling price per handbag if the company wants to earn a 55% markup on total cost.