A Mexican company manufactures televisions sets by importing materials into the country and then exporting the finished product to the United States. The cost per unit in Mexican Pesos of the components and materials needed for the TV are as follows:

I. Microchips from China: 5,300 MXN (Mexican Pesos)

II. Screen from Northern Mexico: 2,730 MXN III. Plastics from India: 3,565 MXN

IV. Electronics from U.S.: 2,342 MXN

What is the total cost of the television set in U.S. dollars if labor cost per unit (per TV) is 1,599 MXN? The exchange rate is 19.37 MXN per USD.

14,937 MXN

15,536 MXN

802.06 USD

762.69 USD

733.28 USD