Hernando Manufacturing, Inc What Was the Unit Product Cost? (Round Your Answer to \begin{array}

Hernando Manufacturing, Inc. reported the following information for the year: $$\begin{array} { | l | r | } \hline \text { Number of Units Produced } & 152,000 \\\hline \text { Number of Units Sold } & 62,000 \\\hline \text { Cost of Goods Manufactured } & \$ 268,000 \\\hline \text { Cost of Goods Sold } & 52,900 \\\hline \text { Sales Revenue } & 130,000 \\\hline \text { Gross Profit } & 72,940 \\\hline \text { Operating Expense } & 727,000 \\\hline\end{array}$$ What was the unit product cost? (Round your answer to the nearest cent.)

A) $4.32
B) $0.86
C) $0.85
D) $1.76