Select Corporation makes a commercial grade cooking griddle. The following information is available for Select Corporations expected annual volume of 29,100 units

Direct materials per unit - 19

Direct Labor per unit - 7

Variable Manufacturing overhead per unit - 10

Fixed manufacturing overhead total = 291,000

Variable selling and administrative expenses per unit - 4

Fixed selling and administrative expenses total - 174,600

The company uses 25% markup percentage on total cost

Calculate the target selling price (round answer to 2 decimal places).