XYZ Inc. produces artisanal bread. The company incurred the following costs during the month of November: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 1,000 loaves of bread during the month. Calculate the total cost per loaf and the selling price per loaf if the company wants to earn a 55% markup on total cost.