I' ProdL ct Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: Direct materials $18,000 Direct labor 8,500 Factory.r overhead 5,500 Total manufacturing cost 3532.000 The selling and administrative expenses are $1?,000. The management desires a profit equal to 22% of invested assets of $250,000. 3. Determine the amount of desired profit from the production and sale of 800 handbags. ._.. b. Determine the product cost per unit for the production of 800 handbags. Round your answer to two decimal places. El: c:. Determine the product cost markup percentage for handbags. :1. Determine the selling price of handbags. Round your answers to two decimal places, if necessary. Cost $: per unit Markup $: per unit Selling price $: per unit