Koontz Company uses the perpetual inventory method. On January 1. Year 1, the company's first day of operations, Koontz purchased 500 units of inventory that cost $2.90 each. On January 10, Year 1, the company purchased an additional 750 units of inventory that cost $3.60 each. If Koontz uses a weighted average cost flow method and sells 650 units of inventory, the amount of inventory appearing on balance sheet following the sale will be approximately: (Round your intermediate calculations to one decimal place.) Multiple Choice $1,980 $2,145. $2,340 $1,740