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Compute the amount of inventory appearing on balance sheet

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Question - Koontz Company uses the perpetual inventory method. On January 1, 2016, the company's first day of operations, Koontz purchased 1,350 units of inventory that cost $6.3 each. On January 10, 2016, the company purchased an additional 1,600 units of inventory that cost $8.7 each. If Koontz uses a weighted average cost flow method and sells 1,500 units of inventory, the amount of inventory appearing on balance sheet following the sale will be approximately (Round your intermediate calculations to one decimal places.):

$11,400.

$13,050.

$11,020.

$9,135.

Reference no: EM132032153

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