Koontz Company Uses the Perpetual Inventory Method

Multiple Choice

Koontz Company uses the perpetual inventory method.On January 1,2016,the company's first day of operations,Koontz purchased 400 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:

A) $3,780.
B) $4,738.
C) $3,080.
D) $3,713.