Kipo Inc. manufactures oversized, purple panther stuffed animals. Its cost data is as follows: Direct materials $6 Direct labor 5 Variable manufacturing overhead 1 Fixed manufacturing overhead (annual) 32,000 Period costs are expected to be $2 per unit in variable selling costs and $40,000 for fixed selling & administrative costs. The company estimates sales of 8,000 units. Based on this information, what is Kipo's total cost per unit? $16 $23 O $32,012 O $18