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Koontz Company uses the perpetual inventory method On January 1, Year 1, the company's first day of operations, Koontz purchased 412 units of inventory that
Koontz Company uses the perpetual inventory method On January 1, Year 1, the company's first day of operations, Koontz purchased 412 units of inventory that cost $7.50 each On January 10, Year 1, the company purchased an additional 618 units of inventory that cost $900 each. If Koontz uses a weighted average cost flow method and sells 550 units of inventory, the amount of inventory appearing on balance sheet following the sale will be approximately Multiple Choice 55002 o $3.332 54032 53,03
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