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TB MC Qu. 05-49 (Algo) Koontz Company uses the perpetual inventory... Koontz Company uses the perpetual inventory method and the weighted-average method. On January
TB MC Qu. 05-49 (Algo) Koontz Company uses the perpetual inventory... Koontz Company uses the perpetual inventory method and the weighted-average method. On January 1, Year 1, the company's first day of operations, Koontz purchased 476 units of Inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 714 units of inventory that cost $9.00 each. If the company sells 550 units of inventory, what is the amount of inventory that would appear on the balance sheet immediately following the sale? Multiple Choice $4,676 $5,376 $6.410 $5,138
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