Loyola, Inc., had the following data for 2019

Beginning inventory

Units 100,000 Total cost of inventory $9,500,000

Units produced 2019 1,000,000

Units sold in 2019 700,000

Units scrapped or wasted during 2019 zero

Plant operating costs (excluding direct labor/materials) $46,000,000

Total direct materials/labor used $54,000,000

Selling, general and administrative costs $ 4,000,000

Research and development expenditures $ 5,000,000

Interest expense $ 2,000,000

During 2019, the company incurred $3 million in connection with its annual 2 week plant shut down for plant maintenance. These costs are included in plant operating costs

The plant has the capacity to produce 1,100,000 units operating 24/7/365. For the last 5 years production volume in the plant has ranged from 950,000 units to 1,050,000 units.

Inventory is accounted for under the FIFO flow assumption

6. The cost per unit of ending inventory recorded at 12/31/19 should be (assuming FIFO):

a. $ 54.00

b. $ 97.00

c. $100.00

d. $109.00

e. None of the above