Phoenix Laboratories, Inc. processes one type of blood test. They charge $41 for this test. The average cost of the test kits they use is 16% of revenue. They are preparing a budget for 20X9. Their statistics budget shows the following expected volumes: September 680 tests October 932 tests In anticipation of fluctuations in volume and potential for wasted test kits, they always use a buffer factor of 106% in planning for inventory. As of August 31, 20X9, they had 854 test kits on hand. What is the cost of one test kit purchased for inventory by Phoenix Laboratories, Inc.? (Round your answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.) Phoenix Laboratories, Inc. processes one type of blood test. They charge $41 for this test. The average cost of the test kits they use is 16% of revenue. They are preparing a budget for 20X9. Their statistics budget shows the following expected volumes: September 680 tests October 932 tests In anticipation of fluctuations in volume and potential for wasted test kits, they always use a buffer factor of 106% in planning for inventory. As of August 31, 20X9, they had 854 test kits on hand. What is the cost of one test kit purchased for inventory by Phoenix Laboratories, Inc.? (Round your answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)