Santana Company has no beginning and ending inventories, and reports the following information for its only product: Direct materials used $250,000 Direct labor $120,000 Fixed indirect manufacturing $60,000 Variable indirect manufacturing $20,000 Variable selling and administrative $50,000 Fixed selling and administrative $10,000 Units produced and sold 40,000 Santana Company uses the absorption approach to prepare the income statement. What is the product cost per unit? SHOW WORK