Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 14 grams of a special alloy per ring. This special alloy has a standard cost of $65.70 per gram. In the past month, the company purchased 14,800 grams of this alloy at a total cost of $969,400. A total of 14,300 grams were used last month to produce 1,000 rings. Read the requirements. Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is