Koontz Company uses the perpetual inventory method. On January 1, 2016, the company’s first day of operations, Koontz purchased 404 units of inventory that cost $7.50 each. On January 10, 2016, 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:

		$3,780
		$4,738
		$3,080
		$3,713

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