Total Manufacturing Cost, Income Statement, Unit Cost, and Selling Price 2016 equal to 15% of their estimated total long-term investment of $720,000 (ignore income taxes). Their plans indicate that each unit of the new product requires the following and non-factory administrative expenses are 20% of total sales. inventory for the next year. Because of the nature of the manufacturing process, all units started must be completed, so work in process inventories are ne Required a. Incorporate the above data into a schedule of estimated total manufacturing costs and compute the unit production cost for 2016. arget amount of profit for 2016 . c. What unit sales price should Innovation charge for the new product