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

Direct materials used $300,000

Direct labor $150,000

Fixed indirect manufacturing $75,000

Variable indirect manufacturing $50,000

Variable selling and administrative $60,000

Fixed selling and administrative $25,000

Units produced and sold 50,000

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

A) $9.00

B) $11.25

C) $12.00

D) $12.75