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Hayes Incorporated provided the following information for the current year: Beginning inventory 1 0 0 units Units produced 7 5 0 units Units sold 8

Hayes Incorporated provided the following information for the current year:
Beginning inventory 100 units
Units produced 750 units
Units sold 800 units
Selling price $ 150/unit
Direct materials $ 35/unit
Direct labor $ 16/unit
Variable manufacturing overhead $ 15/unit
Fixed manufacturing overhead $ 24,000/year
Variable selling/administrative costs $ 8/unit
Fixed selling/administrative costs $ 15,500/year
What is the product cost per unit for the year using absorption costing?

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