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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
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 400 units of inventory that cost $750 each. On January 10, Year 1 the company purchased an additional 600 units of inventory that cost $900 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 o 0 $3,780 o O
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