Ross company makes handbags. Last month direct materials costing $76,000 were put into production. Ross had 30 workers, each worked 160 hours this month and each are paid $12 per hour. Overhead equaled $80,000 for the period. Ross company produced 40,000 handbags as of the end of the moonth. Calcualte the total product cost for the month and calculate thee cost of one handbag that was produced.