Baldwin produces bicycles in a highly competitive market. During the past year, the company has added a 20% markup on the $300 manufacturing cost for one of its most popular models. A new competitor recently entered the market with a competitive model that is priced at $320, seriously eroding Baldwin's market share. Management now desires to use a target-costing approach to remain competitive and is willing to accept a 20% return on sales. If target costing is used, which of the following choices correctly denotes (1) Baldwin's selling price and (2) Baldwin's target cost? 
Definitions:
Enclosure
A housing or case designed to protect electronic or mechanical equipment from environmental conditions.
Conductive Dust
Dust particles that can conduct electricity, which can create short circuits and other electrical hazards if deposited on electronic components.
Bleeder Resistor
A resistor connected across the output of a power supply or within an electrical circuit to discharge residual high voltage after power is turned off, enhancing safety.
High-impedance Load
An electrical load that presents a high resistance to current flow, requiring minimal power from the source.
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