I built this project so that I could interface with 3.3V sensors/radios easily because few Arduino Pro Mini clones are 3.3V or have a small form factor.
The costs are about $6 per board, the major cost factors being OSHPark ($2.30) and the ATMEGA328P ($2). Other significant components are the resonator and reset button, coming in at around $1.50.
Full Schematics and layout have been uploaded!
as my estimation, the production cost should be half of your cost....$3 totally :)