Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 10 grams of a special alloy per ring. TF the past month, the company purchased 10,800 grams of this alloy at a total cost of $697,680. A total of 10,600 grams were used last 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 The actual cost per gram of the special alloy that Collegiate Rings purchased last month is non op Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 10 grams of a special alloy per ring. This specially has a standard cost of $65.00 per gramin the past month, the company purchased 10,800 grams of this alloy at a total cost of $897,680. A total of 10,600 grams were used last month to produce 1,000 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