Nielsen Corporation has two manufacturing departments-Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates Machining Assembly 4,000 Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost 1,000 5,000 $ 4,700 $1.20 s 10,800 $ 2.20 15,500 Estimated variable manufacturing overhead cost per MH 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: Job M Job F Direct materials $13,000 $7,400 Direct labor cost $20,400 8,800 300 Machining machine-hours 700 Assembly machine-hours 1,600 2,400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% 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.)