Ross Company makes handbags. Last month, direct materials (leather, thread, zippers, decorative accents) costing $76,000 were put into production. Ross Company had 30 workers, each of whom worked for 160 hours during the month and was paid $12 per hour. Manufacturing overhead equaled $80,000 for the period. Ross Company produced 40,000 handbags by the end of the month. Calculate the total product cost for the month. $ Calculate the unit cost of one produced handbag. Round the unit cost to two decimal places