Kennedy Inc. has the following data for its operation in August: 100 Sets 1,600 Sets 700 units $ 496 Favorable 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 $ 4.20 What was the actual purchase price (AP) per set of direct materials purchased (to two decimal places)? Multiple Choice $3.89. $3.94. $4.26. $4.34. $4.33