You are given the following information for 2020 related to BABEL Manufacturing company that produces LY1 product:

Number of Units Produced	152,000
Number of Units Sold	62,000
Cost of Goods Manufactured	$268,000
Cost of Goods Sold	52,900
Sales Revenue	130,000
Gross Profit	72,940
Operating Expense	727,000

Calculate the unit cost of LY1 product. (Round your answer to the nearest cent.)

Select one:

a. $0.86

b. $1.76

c. $0.85

d. $4.32