Lily's Pastries produces cupcakes, which sell for $ 5.00each. During the current month, Lily produced 3,000cupcakes, but only sold 2,500cupcakes. The variable cost per cupcake was $ 3.00and the sales commission per cupcake was $ 0.90. Total fixed manufacturing costs were $ 1,600and total fixed marketing and administrative costs were $ 1,200. What is the product cost per cupcake under absorption costing?