Kayak Company manufactures and sells a single product-inflatable kayaks. During the year, the company produced 8,000 units and sold 7,500 units. The selling price of the company's product is $600. The following costs were incurred during the company's first year of operations

Variable costs per unit: 

Manufacturing:

Direct materials  $160

Direct labour  $120

Variable selling and administrative $50

Variable manufacturing overhead  $40

Fixed costs per year:

Fixed manufacturing overhead $850,000

Fixed selling and administrative expense $510,000

Compute the unit product cost assuming that the company uses variable costing