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Koontz Company uses the perpetual inventory method. On January 1, year one, the company's first day of operations, Koontz Purchased 950 units of inventory and

Koontz Company uses the perpetual inventory method. On January 1, year one, the company's first day of operations, Koontz Purchased 950 units of inventory and that cost $4.70 each. On January 10, year one, the company purchased an additional 1,200 units of inventory that cost $6.30 each. If Koontz uses a weighted average cost flow method and sells 1,100 units of inventory, the amount of inventory appearing on balance sheet following the cell will be approximately: (round your intermediate calculations to one decimal place.)

  • $5,880
  • $6,160
  • $6,930
  • $4,935

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