A company gave the information below: opening inventory $100$ units at $\$2.00$ per unit; a further receipt of inventory of $400$ units at $\$2.10$ per unit; and $200$ units issued to production. The company uses the first in first out (FIFO) method for valuing inventory. What is the material cost of the units issued to production?
- A$400
- B$410
- C$416
- D$420