ABC Ltd. incurred $200,000 in direct materials costs, $150,000 in direct labor costs, and $100,000 in manufacturing overhead costs during the month. If the company produced 40,000 units of a product,

Cost Component	Amount ($)
Direct Materials	$200,000
Direct Labor	$150,000
Manufacturing Overhead	$100,000
Units Produced	40,000

calculate the cost per unit using the absorption costing method.