3. Gourmet Foods Ltd. produces gourmet chocolates. The company incurred the following costs for producing 5,000 boxes of chocolates:
   • Direct materials cost: $15,000
   • Direct labor cost: $10,000
   • Manufacturing overhead: $8,000
   • Selling and administrative expenses: $5,000

Calculate the total product cost per box of chocolates and the selling price per box to achieve a markup of 40% on the total product cost.