Hayes Incorporated provided the following information for the current year:

Beginning inventory 290 units Units produced 940 units Units sold 953 units Selling price $ 340 /unit Direct materials $ 54 /unit Direct labor $ 35 /unit Variable manufacturing overhead $ 34 /unit Fixed manufacturing overhead $ 47,940 /year Variable selling/administrative costs $ 27 /unit Fixed selling/administrative costs $ 34,500 /year

What is the product cost per unit for the year using absorption costing?

Multiple Choice

• $174

• $123

• $150

• $173

• $169