Ivanhoe Company sells its product for $26 per unit. During 2022, it produced 29000 units and sold 20000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labour $5, and variable overhead $4. Fixed costs are: $406000 manufacturing overhead, and $116000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is

$35.30.

$29.00.

$15.00.

$33.00.