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