Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a $20\%$ markup on the total cost of the phone. Pinkin expects to sell $44,000$ phones. Additional information is as follows:

Variable product cost per unit $ $78$

Variable administrative cost per unit $60$

Total fixed overhead $92,000$

Total fixed administrative $84,000$

Using the total cost method what price should Pinkin charge?