Product Cost Method of Product Costing MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,870 cell phones are as follows: MyPhone desires a profit equal to a 14% rate of return on invested assets of $601,800. a. Determine the amount of desired profit from the production and sale of 4,870 cell phones. 19 b. Determine the product cost per unit for the production of 4,870 of cell phones. Round your answer to the nearest whole dollar. $ per unit c. Determ Irkup percentage for cell phones. Round your answer to two decimal places. X% d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar