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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

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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 428 units of inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 642 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 $5.354 $3,668 $4368 $4238

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