The following data was prepared by the Ivanhoe Company. Total Variable Fixed Sales price $20/unit Direct materials used $80,950 Direct labor $91,000 Manufacturing overhead $92,400 $8,100 $84,300 $13,400 $8,100 Selling and administrative expense $21,500 Units manufactured 18,000 units Beginning Finished Goods Inventory 20,300 units Ending Finished Goods Inventory 24,700 units (a) Your answer is incorrect. Under absorption costing, what is the unit product cost? (Round answer to 2 decimal places, e.g. 15.25.) Unit product cost $