Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company's first day of operations, Koontz purchased 1,150 units of inventory that cost $5.50 each. On January 10, Year 1, the company purchased an additional 1,400 units of inventory that cost $7.50 each. If Koontz uses a weighted average cost flow method and sells 1,300 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

• $9,750.
• $8,580.
• $8,250.
• $6,875.