Velasco Productions has provided the following information for the year: $150,00 Direct Labor Beginning Work-in-Process Inventory Direct Materials Used Ending Work-in- Process Inventory Manufacturing Overhead During the year, Velasco produced 71,220 units of product. Calculate the unit product cost. (Round your answer to the nearest cent.) C 63,000 269,000 52,900 135,000 A) $6.77 B) $8.66 C) $7.92 D) $7.78