Reed Production Has Provided the Following Information for the Year

Multiple Choice

Reed Production has provided the following information for the year 2015: $$\begin{array} { | l | r | } \hline \text { Direct Labor } & \$ 153,000 \\\hline \text { Beginning Work-in-Process Inventory } & 62,500 \\\hline \text { Direct Materials Used } & 271,000 \\\hline \text { Ending Work-in-Process Inventory } & 53,850 \\\hline \text { Manufacturing Overhead } & 135,500 \\\hline\end{array}$$ During the year, Reed produced 71,020 units of product. Calculate the unit product cost.

A) $8.00
B) $10.00
C) $9.52
D) $7.88