Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: The selling and administrative expenses are $28,800. The management wants a profit equal to 15% of invested assets of $502,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,220 handbags. If required, round your answers to nearest whole number. \& b. Determine the product cost per unit for the production of 1,220 handbags. $ per unit c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. Round your answers to nearest whole value. \begin{tabular}{lll} Cost & $ & per unit \\ Markup & & per unit \\ \cline { 2 - 3 } Selling price & = & per unit \end{tabular}