Exp has compiled the following standard cost card for its main product.

Production costs                                           $

Fixed                                                          33.00

Variable                                                      45.10

Selling costs Fixed                                     64.00

Variable                                                      7.20

Profit                                                          14.70

Selling price                                               164.00

What would the closing inventory be valued at under an absorption costing system (to 2 decimal places)?