Assume the Austin Company's estimated total overhead for its jerseys that it makes and sells to be $400,000 for the year with 200,000 machine hours. In January, the company accumulated the following: 8,000 machine hours used Bought $30,000 of direct materials; Used $18,000 of direct materials Incurred $50,000 of direct labor Made 5,000 jerseys and sold 4,000 What was the average cost of one jersey? Round to two decimal places