A corporation produces and sells smart phones. The following information relates to operations for the last year:

Variable cost per unit	$5.20
Total fixed manufacturing overhead cost	$260,000
Total fixed selling and administrative cost	$180,000
Units produced and sold	400,000

Using absorption costing, what was the cost per unit last year?

A.

$4.55

B.

$5.00

C.

$5.85

D.

$6.30

please show work