Our company is a price taker and has the following information available for the current year:

• budgeted production, 220,000 units;
• desired operating income as a percentage of total assets, 16%;
• current market price of our product, $50 per unit; and
• total assets, $12,000,000.

What is the full product cost for the year?

$1,760,000

$1,920,000

$9,080,000

$11,000,000