Baskin Promotions, Inc. sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts: Sales $1,700,000 Cost of Goods Sold Gross Profit $935,000 $765,000 $523,700 Operating Expenses ($150,000 is fixed) Operating Income Income Taxes (30% of operating income) Net Income $241,300 $72,390 $168,910 If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 60,000 T-shirts. (ii). What unit cost (rounded to nearest penny) did Baskin use in budgeting the cost of goods sold for the year? Select one: a. $9.56. b. $11.69. c. $6.55. d. $21.25