Reuse Cookware, Inc., manufactures sets of heavy-duty pots. It has just completed production for August. At the beginning of August, its Work in process Inventory account showed direct materials costs of $31,700 and conversion costs of $29,400. The cost of direct materials used in August was $275,373; conversion costs were $175,068. During the month, the company started and completed 15,190 sets. For August, a total of 16,450 equivalent sets for direct materials and 16,210 equivalent sets for conversion costs have been computed.

From this information, determine the cost per equivalent set for August. Use the FIFO costing method.