Koontz Company uses the perpetual inventory method and the weighted-average method. On January 1, Year 1, the
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Koontz Company uses the perpetual inventory method and the weighted-average method. On January 1, Year 1, the company's first day of operations, Koontz purchased 404 units of inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 606 units of inventory that cost $9.00 each. If the company sells 550 units of inventory, what is the amount of inventory that would appear on the balance sheet immediately following the sale?
Multiple Choice
A. $3,788
B. $3,864
C. $4,826
D. $3,164
Expert Answer:
Answer rating: 100% (QA)
Option B is correct 3864 Date Transaction Units Cost Price Total cost Total sa... View the full answer
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