ABC Ltd. incurred $300,000 in direct materials costs, $220,000 in direct labor costs, and $150,000 in manufacturing overhead costs during the month. If the company produced 50,000 units of a product,

Cost Component	Amount ($)
Direct Materials	$300,000
Direct Labor	$220,000
Manufacturing Overhead	$150,000
Units Produced	50,000

calculate the cost per unit using the absorption costing method.