Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 62,300 units of its sole product. Magpie desires a profit equal to a 25% return on invested assets of $586,000. The cost per unit for the production and sale of Magpie's product is a. 50.70 b. $1.83 c. 511.84 d. 512.54