Koontz Company uses the perpetual inventory method and the weighted-average method. On January 1, Year 1, the

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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 404 units of inventory that cost $7.50 each. On January 10, Year 1, the company purchased an additional 606 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

A. $3,788

B. $3,864

C. $4,826

D. $3,164

Posted Date: Apr 06, 2022 02:10 AM

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Koontz Company uses the perpetual inventory method and the weighted-average method. On January 1, Year 1, the

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Option B is correct 3864 Date Transaction Units Cost Price Total cost Total sa... View the full answer

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