ABC Ltd. incurred $7,000,000 in direct materials costs, $5,600,000 in direct labor costs, and $3,500,000 in manufacturing overhead costs during the month. If the company produced 5,000,000 units of a product,

Cost Component	Amount ($)
Direct Materials	$7,000,000
Direct Labor	$5,600,000
Manufacturing Overhead	$3,500,000
Units Produced	5,000,000

calculate the cost per unit using the absorption costing method.