Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company's first day of operations, Koontz purchased 436 units of inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 654 units of inventory that cost $9.00 each. If Koontz use
weighted average cost flow method and sells 550 units of inventory, the amount of inventory appearing on balance sheet following the sale will be
approximately:
Multiple Choice
$5,530.
O
$4,388.
$3,836.
O
$4,536.