progress=false Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,210 handbags is as follows: Direct materials $14,000 Direct labor 7,900 Factory overhead 6,400 Total manufacturing cost $28,300 The selling and administrative expenses are $27,900. The management desires a profit equal to 17% of invested assets of $501,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,210 handbags.