Assume Steele Ltd manufactures only one component for the motor vehicle industry. In one year the company produced 25 000 units of the component, of which 22,000 units were sold. The following costs were recorded for that year: Direct material $750,000; Direct labour $450,000; Manufacturing overhead $300,000: Administrative expenses $84,000. 

What is the inventoriable product cost per unit of output for Steele Ltd?

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