Groovelex,Inc What Is the Unit Product Cost Using Absorption Costing? (Round

Groovelex,Inc.has collected the following data for the current year: $$\begin{array} { | l | r | } \hline \text { Beginning Finished Goods Inventory } & 70 \text { units } \\\hline \text { Units produced } & 560 \text { units } \\\hline \text { Units sold } & 630 \text { units } \\\hline \text { Sales price } & \$ 180 \text { per unit } \\\hline \text { Direct materials } & \$ 23 \text { per unit } \\\hline \text { Direct labor } & \$ 13 \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 16 \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 11,600 \text { per unit } \\\hline \text { Variable selling and administrative costs } & \$ 4 \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 12,000 \text { per unit } \\\hline\end{array}$$ What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)

A) $98.14
B) $52.00
C) $72.71
D) $49.71