Mentor Corp. has provided the following information for the current year:Units produced 3,500unitsSale price$200per unitDirect materials$70per unitDirect labor$55per unitVariable manufacturing overhead$20per unitFixed manufacturing overhead$350,000per yearVariable selling and administrative costs$30per unitFixed selling and administrative costs$150,000per yearCalculate the unit product cost using absorption costing.
A. $145
B. $125
C. $55
D. $275
E. $245
Answer: E
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