ABC Company's budgeted sales for June, July, and August are 12,400,16,400, and 14,400 units, respectively. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next month's budgeted production as raw material inventory each month. ABC Company currently pays a standard rate of $1.5 per pound for raw materials. Each unit should be produced in 15 minutes of direct labor time at a standard direct labor rate of $11.2 per hour. Manufacturing overhead is applied at the standard rate of $14 per direct labor hour. Required: Calculate the standard cost per unit for ABC Company. Note: Round your answer to 2 decimal places