Gaynelle, Ltd. manufactures a single product that had the following cost structure this year:

• Variable Manufacturing Cost per unit: $26
• Variable Selling and Administrative cost per unit: $12
• Fixed Manufacturing Cost, Total: $1,573,000
• Fixed Selling and Administrative Costs, Total: $867,000

They sold 63,000 units for $113 each during the year, and produced 73,000 units. What is the unit product cost under absorption costing?

Select one:

A.

$47.55

B.

$62.97

C.

$59.55

D.

$51.76

E.

$38.00