Calculate the unit product cost using absorption costing. Round your answer to the nearest cent.

Marks Company had the following costs:

Units produced.................... 300 units

Direct materials ..................$ 67 per unit

Direct labor ....................38 per unit

Variable manufacturing overhead............. 12 per unit

Fixed manufacturing overhead .............6,750 per year

Variable selling and administrative costs ..........26 per unit

Fixed selling and administrative costs .........2,175 per year