ABC Ltd. incurred $9,800,000 in direct materials costs, $7,840,000 in direct labor costs, and $4,900,000 in manufacturing overhead costs during the month. If the company produced 7,000,000 units of a product,

Cost Component	Amount ($)
Direct Materials	$9,800,000
Direct Labor	$7,840,000
Manufacturing Overhead	$4,900,000
Units Produced	7,000,000

calculate the cost per unit using the absorption costing method.