Huds Incorporated reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit.

Direct materials	$ 100	per unit
Direct labor	$ 30	per unit
Variable overhead	$ 8	per unit
Fixed overhead	$ 600,000	per year
Variable selling and administrative expenses	$ 3	per unit
Fixed selling and administrative expenses	$ 120,000	per year
Units produced	50,000	units per year
Units sold	50,000	units per year

Compute the target selling price per unit under absorption costing.