Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations:

1. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25,000, and 26,000 units, respectively. All sales are on credit.
2. 30% of credit sales are collected in the month of the sale and 70% in the following month.
3. The ending finished goods inventory equals 20% of the following months unit sales.
4. The ending raw materials inventory equals 10% of the following months raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound.
5. 30% of raw materials purchases are paid for in the month of purchase and 70% in the following month.
6. The direct labour wage rate is $13 per hour. Each unit of finished goods requires two direct labour-hours.
7. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $62,000.

Required:

If the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labour-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.)