A Manufacturing Company Recorded the Following Data Pertaining to Raw

Multiple Choice

A manufacturing company recorded the following data pertaining to raw material X: $\begin{array} { | l | l | l | } \hline & \text { Units Received } & \text { Cost } \\\hline 1 / 1 / 2001 \text { Inventory } & 400 & \$ 1.00 \\\hline 1 / 8 / 2001 \text { Purchase } & 600 & \$ 1.10 \\\hline 1 / 12 / 2001 \text { Issue } & 800 & \$ 2.00 \\\hline\end{array}$
The weighted average unit cost of raw material X at January 12, 2001 for use in costing is:

A) $1.00
B) $1.05
C) $1.06
D) $1.10