Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company’s first day of operations, Koontz purchase
d 1,200 units of inventory that cost $5.70 each. On January 10, Year 1, the company purchased an additional 1,450 units of inventory that cost $7.80 each. If Koontz uses a weighted average cost flow method and sells 1,350 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.)
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