Davidson Production Provides the Following Information on the Year 2012

Davidson Production provides the following information on the year 2012:
$$\begin{array} { | l | r | r | } \hline \text { COST OF GOODS MANUFACTURED } & & \\\hline \text { Beginning work in process } & & \$ 5,500 \\\hline \text { Direct materials used: } & \$ 71,000 & \\\hline \text { Direct labor } & 37,000 & \\\hline \text { Manufacturing overhead } & 242,000& \\\hline \text { Total mfg costs incurred } & & 350,000 \\\hline \text { Total mfg costs to account for } & &355,500 \\\hline \text { Ending work in process } & & ( 7,500) \\\hline \text { Cost of goods manufactured } & & \$ 348,000 \\\hline\end{array}$$
During the year, Davidson produced 71,020 units of product. What was the unit product cost (cost to make each unit) ?
(Please round to the nearest cent.)

A) $4.90
B) $4.93
C) $5.01
D) $6.27