1. Charleston Affair uses the product cost concept to price its goods. The company plans to release a new product in the upcoming month. Use the information shown below to determine: (A) Product cost per unit (B) Desired profit (C) Markup percentage (D) Markup per unit (E) Normal selling price per unit

Total product cost	$49,000
Total selling and administrative expenses	$32,100
Total assets	$120,000
Estimated units produced and sold	14,000
Desired rate of return on assets	10%