The Javadi Corporation recently manufactured inventory and h…
The Javadi Corporation recently manufactured inventory and had the following costs: Direct materials $8,600, Administrative costs $4,300, Marketing costs $2,800, Direct labor $6,100 and Overhead $10,700 when the company produced 25,000 units. If the company uses the cost plus approach to pricing and wants to achieve a 20% profit, what price should it set for its product? As needed, round your final answer (but not intermediate steps) to two decimal places.