Koontz company uses the perpetual inventory method. on january 1, year 1, the company’s first day of operations, koontz purchased 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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Koontz company uses the perpetual inventory method. on january 1, year 1, the company’s first day of...
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