Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $847. Selected data for the company’s operations last year follow: Units in beginning inventory 0Units produced 20,000Units sold 17,000Units in ending inventory 3,000Variable costs per unit: Direct materials$160Direct labor$470Variable manufacturing overhead$58Variable selling and administrative$25Fixed costs: Fixed manufacturing overhead$970,000Fixed selling and administrative$570,000 Required:1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)