Kennedy Inc. has the following data for its operation in August: 100 Sets 1,600 Sets 700 units $ 608 Favorable 2 Increase in direct materials inventory Direct materials purchased (AQ) Finished goods manufactured Direct materials purchase-price variance Budgeted Finished goods to manufacture Direct materials purchases Direct materials per unit of finished goods Direct materials price per set (SP) 800 Units 2,000 Sets 2 Sets $ 4.90 What was the actual purchase price (AP) per set of direct materials purchased (to two decimal places)