A manufacturing firm has produced 10000 units of a standard product by incurring the following expenses: Material costs:80,000Labour…

A manufacturing firm has produced 10000 units of a standard product by incurring the following expenses: Material costs:80,000Labour costs:40,000Production overhead:30,000Office overhead: 20% of factory cost Estimated selling and distribution overhead is 4 per unit. If the firm has no inventory at the beginning of the period and expects to maintain 20% of output as closing inventory, at what price per unit the product should be sold to earn a profit of 20% on sales?