arduino quadcopter

I have a question. Can I use a module that have accelerometer,compass....(like a multiwii but not a multiwii) to build a quadcopter.
(the thing is $20 is too much. I'm from Sri Lanka.)
Can I use $8 module to feed information to an arduino uno. And control motors from arduino?


an I use a module that have accelerometer,compass.... to build a quadcopter.

Yes. I'm using:
"10DOF MPU6050 HMC5883L IMU BMP085 Flight Control Gyroscope Acceleration Compass" $10.06 USD