Koontz Company uses the perpetual inventory method. On January 1 Year 1, the company's first day of operations, Koontz purchased 650 units of inventory that cost $3.50 each. On January 10, Year 1, the company purchased an additional 900 units of inventory that cost $4.50 each. If Koontz uses a weighted average cost flow method and sells 800 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 $3,075 $2,625 $3,600 $3,280