Reed Productions Has Provided the Following Information for the Year

Multiple Choice

Reed Productions has provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Direct Labor } & \$ 153,000 \\\hline \text { Beginning Work-in-Process Inventory } & 62,000 \\\hline \text { Direct Materials Used } & 269,000 \\\hline \text { Ending Work-in-Process Inventory } & 52,800 \\\hline \text { Manufacturing Overhead } & 132,500 \\\hline\end{array}$$
During the year,Reed produced 72,960 units of product.Calculate the unit product cost.(Round your answer to the nearest cent.)

A) $7.73
B) $6.63
C) $7.60
D) $8.45