Kennedy Inc. has the following data for its operation in August:

Increase in direct materials inventory100 Sets

Direct materials purchased(AQ)1,600 Sets

Finished goods manufactured700 units

Direct materials purchase-price variance$400 FavorableBudgeted

Finished goods to manufacture800 Units

Direct materials purchases2,000 Sets

Direct materials per unit of finished goods2 Sets

Direct materials price per set (SP)$3.60

What was the actual purchase price (AP) per set of direct materials purchased (to two decimal places)?