Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company's first day of operations, Koontz purchased 1,100 units of inventory that cost $5.30 each. On January 10, Year 1, the company purchased an additional 1,350 units of inventory that cost $7.20 each. If Koontz uses a weighted average cost flow method and sells 1.250 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 $6,360. $7,560 $7,875 $9,000