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Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 6 0 , 0 0

Magpie Corporation uses the total cost method of product pricing. Below is cost information for the
production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% return on
invested assets of $700,000.
The dollar amount of desired profit from the production and sale of Magpie's product is
a. $175,000
b. $67,200
c. $96,000
d. $73,500
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