Koontz Company uses the perpetual Inventory method. On January 1, Year 1, the company's first day of operations, Koontz purchased 456 units of inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 684 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 Multiple Choice O $4,256 $5,970 $4,763 $4,956