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 $360 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.) $2,340