Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost $ 122 per unit Direct labor cost $ 52 per unit Variable overhead cost $ 30 per unit Fixed overhead cost $ 252,000 per year Variable selling and administrative expenses $ 14 per unit Fixed selling and administrative expenses $ 175,000 per year Expected production (and sales) 28,000 units per year Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)