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RST Inc. produces handcrafted jewelry. The company incurred the following costs during the month of December: direct materials $30,000, direct labor $20,000, manufacturing overhead $15,000,

RST Inc. produces handcrafted jewelry. The company incurred the following costs during the month of December: direct materials $30,000, direct labor $20,000, manufacturing overhead $15,000, and selling and administrative expenses $12,000. The company produced 2,000 pieces of jewelry during the month. Calculate the total cost per piece and the selling price per piece if the company wants to earn a 55% markup on total cost.

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