BlueCompany has no beginning and ending inventories, and reports the following information for its only product:

Direct materials used$450,000

Direct labor$125,000

Fixed indirect manufacturing$80,000

Variable indirect manufacturing$70,000

Variable selling and administrative$60,000

Fixed selling and administrative$25,000

Units produced and sold75,000

BlueCompany uses the absorption approach to prepare the income statement. What is the product cost per unit?

A) $9.67

B) $11.25

C) $12.00

D) $12.75