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Sheffield Company accumulated the following standard cost data concerning product I - Tal. Direct materials per unit: 2 . 5 pounds at $ 4 .

Sheffield Company accumulated the following standard cost data concerning product I-Tal.
Direct materials per unit: 2.5 pounds at $4.40 per pound
Direct labor per unit: 5.8 hours at $16.00 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $27.20 per direct labor hour
Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g.2.75.)

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