Clear Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows: Clear does not maintain an inventory of materials, so the amount of materials used is equal to the amount of materials purchased. The standard cost per pound of PPS (to two decimal places) is: $6.56. $7.27. $6.55. $6.56. $8.20