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LMN Corporation produces specialty teas. During the month of February, the company incurred the following costs: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000,

LMN Corporation produces specialty teas. During the month of February, the company incurred the following costs: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000, and selling and administrative expenses $20,000. The company produced 1,200 boxes of tea during the month. Calculate the total cost per box and the selling price per box if the company wants to earn a 55% markup on total cost.

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