ABC Corp. recorded the following data pertaining to its raw materials during January 2014. Date Received Issued Jan. 1, 2014 - inventory Jan. 11, 2014 - issue Jan. 22, 2014 - purchase 22) On hand 3,200 units 1,600 units 1,600 units 4,800 units 6,400 units P9.60 How much is the moving average cost of the raw materials inventory at January 31, 2014? Cost P8.00