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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 4 0 0

Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company's first day of operations, Koontz purchased 400 units of inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 600 units of inventory that cost $9.00 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:
A. $3,780.
B. $4,738.
C. $3,080.
D. $3,713.

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