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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
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
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