The answer is 1.20 and I am unsure why.

13. Consider the following information maintained by a retail entity that maintains a perpetual inventory system and uses the weighted average method. Unit Price Quantity Extended $1.00 $300 300 Date Beg. Balance 1-Jul July Purchases: 1 2-Jul 25-Jul 3 8-Jul 4 13-Jul $1.10 $1.15 $1.30 $1.40 300 600 600 600 $330 $690 $780 $840 July Customer Sales: Date Unit Price Quantity Extended 1 3-Jul $6.00 400 $2,400 29-Jul $6.00 1,100 $6,600 3 15-Jul $6.00 700 $4,200 What is the per unit cost that the company will use to value the cost of goods sold for the July 9th sale of of 1,100 units of inventory? If applicable, round your answers to 3 decimal places. Continued