Hugo Corporation reports the following for this month: The beginning inventory is 22 units. It produces 80 units during this month. And 95 units are sold at $3,000 each. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 100 units, the same every month. Variable costs: manufacturing cost per unit = $500; the operating cost per unit = $200 Total Fixed costs: budgeted manufacturing costs = $8,000; operating costs = $36,000 How much is the unit product cost if the company uses absorption costing? $1,140 $580 $600 $500 $940 $700