Bug company makes shoes. The following are details for cost incurred during February where the company produced 8,000 shoes and sold 6,000. What is the cost of each shoe?

- the company estimated $200,000 in overhead for the year and 100,000 direct labor hours worked during the year. The company estimates overhead based on direct labor hours. During February, the company incurred 9,000 hours of direct labor

- in February, the company incurred $190,000 of direct labor and $10,000 of indirect labor

- total direct materials used in February was $60,000

Round your answer to two decimal places.