Obama Company sells its product for $26per unit. During 2020, it produced23500units and sold13000units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $305500manufacturing overhead, and $47000selling and administrative expenses. The per-unit manufacturing cost under absorption costing is

$12.00.

$25.00.

$27.00.

$35.50.