Information about Rexford Corporation’s direct-material cost follows:

Standard price per direct-material OUNCE wo... ecceeceeeteeees $ 345 Actual quantity purchased and USEC... eee esseeennesereneees 420 ounces Standard quantity allowed for ProdUctiON ......ccccceeeceeneee 435 ounces IGEN ANAMC O umar trate aed cra suena wane aetiamern wan nee ay erate $2,950 F What was the actual purchase price per ounce, rounded to the nearest cent?