The following data was prepared by the Ivanhoe Company. Total Variable Fixed Sales price $20/unit Direct materials used $94.950 Direct labor $90,000 Manufacturing overhead $124.970 $11.730 $113,240 Selling and administrative expense $21,500 $12,200 $9,300 Units manufactured 29.800 units Beginning Finished Goods Inventory 19.100 units Ending Finished Goods Inventory 8,000 units (a) Under absorption costing. what is the unit product cost? (Round answer to 2 decimal places, eg. 15.25.) Unit product cost $