Hayes Inc. provided the following information for the year 2015:
Beginning inventory 100 units
Units produced 750 units
Units sold 800 units
Selling price $ 150/unit
Direct materials $35/unit
Direct labor $16/unit
Variable manufacturing overhead $15/unit
Fixed manufacturing overhead $24,000/yr
Variable selling/administrative costs $8/unit
Fixed selling/administrative costs $15,500/yr
What is the unit product cost for the year using absorption costing?
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