Pitman Chemical Company manufactures and sells Goody, a product that sells for $10 per pound. The manufacturing process also yields 1 pound of a waste product, called Baddy, in the production of every 10 pounds of Goody. Disposal of the waste product costs $1per pound. During March, the company manufactured 200,000 pounds of Goody. Total manufacturing cots were as follows:
Direct materials $232,000
Direct labor 120,000
Manufacturing support cost 60,000
Total costs $412,000
Determine the cost per pound of Goody.