Presley bought

1
1
2
yards of fabric for $12.23. How much did Presley pay per foot of fabric? Round to the nearest cent. (1 yard = 3 fee

Presley bought a total of 1 + 1 + 2 = <<1+1+2=4>>4 yards of fabric.

Since 1 yard is equal to 3 feet, then 4 yards is equal to 4 * 3 = <<4*3=12>>12 feet.
So Presley paid $12.23 / 12 = $<<12.23/12=1.0191666666666667>>1.02 per foot of fabric. Answer: \boxed{1.02}.