Wu Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year ended December 31, 2020. The company had no beginning inventory. In 2020, it produced1,490units but sold only1,200units. The unit selling price was $4,520. Costs and expenses were as follows:

Variable costs per unit

Direct materials:

$700

Direct labour

1,470

Variable manufacturing overhead

210

Variable selling and administrative expenses

70

Annual fixed costs and expenses:

Fixed manufacturing overhead

$1,197,900

Selling and administrative expenses

105,500

Calculate the manufacturing cost of one unit of product using variable costing.