Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials $15,700 Direct labor 7,800 Factory overhead 6,200 Total manufacturing cost $29,700 The selling and administrative expenses are $29,000. The management desires a profit equal to 16% of invested assets of $498,000, 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 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. Cost per unit per unit Markup Selling price per unit