Standard Direct Materials Cost per Unit

Choco La Ti-Da Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (4,500 bars) are as follows:

Ingredient	Quantity		Price
Cocoa	510	lbs.	$1.50		per lb.
Sugar	160	lbs.	$$0.50		per lb.
Milk	100	gal.	$3.25		per gal.

Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. $ per bar