Munoz Manufacturing Co. expects to make 31,300 chairs during the 2017 accounting period. The company made 5,100 chairs in January. Materials and labor costs for January were $17,500 and $25,900, respectively. Munoz produced 1,900 chairs in February. Material and labor costs for February were $8,400 and $13,100, respectively. The company paid the $657,300 annual rental fee on its manufacturing facility on January 1, 2017.

Required

Assuming that Munoz desires to sell its chairs for cost plus 20 percent of cost, what price should be charged for the chairs produced in January and February? (Round intermediate calculations and final answers to 2 decimal places.)

JanuaryFebruaryPrice