Ring World produces class rings. Its best-selling model has a direct materials standard of 11 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 12,100 grams of this alloy at a total cost of $788,920. A total of 11,500 grams were used last month to produce 1,000 rings. Read the fequirements. Requirement 1. What is the actual cost per gram of the special alloy that Ring World purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Ring World purchased last month is -