Smidt Corporation has provided the following data for its two most recent years of operation: ta ta Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses : Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ 9 $ 5 $ 5 $140,000 $ 5 $ 65,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 Year 2 0 3,000 10,000 7,000 7,000 6,000 3,000 4,000 The unit product cost under variable costing in Year 1 is closest to