Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,130 handbags is as follows: Direct materials $15,700 Direct labor 8,600 Factory Overhead 6,300 Total manufacturing cost $30,600 The selling and administrative expenses are $27,600. The management desires a profit equal to 14% of invested assets of $499,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,130 handbags $ 69,860 b. Determine the product cost per unit for the production of 1,130 handbags 27 per unit c. Determine the product cost markup percentage for handbags 253 X % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost $ $ 51.50 62 Markup X per unit X per unit per unit Selling price