Opunu Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates Estimated total machine-hours (M) Estimated total fixed manufacturing ovechead cost Estimated variable manufacturing overhead cost per MH Molding 6,500 $ 27,000 $ 2.00 Finishing 3. 500 $ 3,500 $ 4.00 Total 10,000 $ 30,500 During the most recent month, the company started and completed two jobs Job A and Job M. There were no beginning inventories Data concerning those two jobs follow. Direct materials Direct labor cost Molding machine-hours Finishing machine-hours JobA 514, 800 $21,700 2,500 2,500 Jal M $8,500 $8,600 4,000 1,000 Assume that the company uses a plantwide predetermined manufacturing overhead tate based on machine-hours. The total menufacturing cost assigned to Job M is closest to (Round your intermediate calculations to 2 decimal places.) 5.50 58.600