Macnamara Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per machine-hour Casting 1,000 $ 4,800 Finishing 4,000 $ 8,800 Total 5,000 $ 13,600 $ 1.80 $ 2.90 During the most recent month, the company started and completed two jobs--Job F and Job M. There were no beginning inventories. Data concerning those two jobs follow: Direct materials Direct labor cost Casting machine-hours Finishing machine-hours Job F Job M $ 11,500 $ 9,000 $ 18,400 $ 7,400 700 1,600 300 2,400 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job M is closest to: (Round your intermediate calculations to 2 decimal places.)