Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company's first day of operations, Koontz purchased 950 units of inventory that cost $4.70 each. On January 10, Year 1, the company purchased an additional 1,200 units of inventory that cost $6.30 each. If Koontz uses a weighted average cost flow method and sells 1,100 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 $6,160. $5,880. (0) $4,935 $6,930