Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 63,000 units of its sole product. Magpie desires a profit equal to a 24% return on invested assets of $578,000.

Line Item Description	Amount
Fixed factory overhead cost	$37,400
Fixed selling and administrative costs	7,100
Variable direct materials cost per unit	5
Variable direct labor cost per unit	1.88
Variable factory overhead cost per unit	1.13
Variable selling and administrative cost per unit	4.50

The dollar amount of desired profit from the production and sale of Magpie's product is

a.$277,440

b.$578,000

c.$138,720

d.$110,976