Back Bay Company is a price-taker and uses target pricing. Refer to the following information:

Production volume	602,000	units per year
Market price	$32	per unit
Desired operating income	15%	of total assets
Total assets	$13,700,000

What is the target full product cost per unit? (Round your answer to nearest cent.) Assume all units produced are sold.

• A.

  $28.59

• B.

  $32

• C.

  $4.80

• D.

  $27.20

• E.

  none of the above.