Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are:

	M				N					O
Unit sales price	$	7			$	5			$		6
Unit variable costs		3				2					3

Total fixed costs are $340,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

Select one:

NOT ENOUGH DATA TO ANSWER

$ 34.00.

$25.00.

$35.00

$30.00.

$17.00.

$38.00.