Tustin Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 68 10 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 $220,000 $ 6 $ 61,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 Year 2 @ 1, eee 11,1e, eee 10,000 7,000 1,000 4,000 The unit product cost under variable costing in Year 1 is closest to: Multiple Choice i o $26 00 o ) $40.00 o $46.00 o $20.00