Koontz Company uses the perpetual inventory method. On January 1, Year 1, the companys first day of operations, Koontz purchased 450 units of inventory that cost $2.70 each. On January 10, Year 1, the company purchased an additional 700 units of inventory that cost $3.30 each. If Koontz uses a weighted average cost flow method and sells 600 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.)

• $1,485.

• $1,705.

• $1,980.

• $1,860.