The company a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours		90,000
Total fixed manufacturing overhead cost	$	315,000
Variable manufacturing overhead per machine-hour	$	4

Recently, a job was completed with the following characteristics:

Number of units in the job		20
Total machine-hours		80
Direct materials	$	950
Direct labor cost	$	2,050

If the company marks up its unit product costs by 50% then the selling price for a unit in the job is closest to: