Muscat Company incurred the following transactions. On January 1, 2011, Muscat purchased 300 units of inventory that cost $2.00 each. On January 10, 2011, the company purchased an additional 500 units of inventory that cost $3.00 each. If Muscat uses a weighted average cost flow method and sells 400 units of inventory, the amount of cost of goods sold appearing on the income statement will be: a. $800. b. $1,000. CC. $1,050. d. $1,200