TB MC Qu. 05-64 (Algo) Koontz Company uses the perpetual inventory... 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 650 units of inventory that cost $3.50 each. On January 10, Year 1, the company purchased an additional 900 units of inventory that cost $4.50 each. If the company sells 800 units of inventory, what is the amount of inventory that would appear on the balance sheet immediately following the sale? (Round your intermediate calculations to two decimal places.) Multiple Choice O $3,060 $3,600
TB MC Qu. 05-64 (Algo) Koontz Company uses the perpetual inventory... 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 650 units of inventory that cost $3.50 each. On January 10, Year 1, the company purchased an additional 900 units of inventory that cost $4.50 each. If the company sells 800 units of inventory, what is the amount of inventory that would appear on the balance sheet immediately following the sale? (Round your intermediate calculations to two decimal places.) Multiple Choice O $3,060 $3,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:TB MC Qu. 05-64 (Algo) Koontz Company uses the perpetual inventory...
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 650 units of inventory that cost $3.50 each. On January 10, Year 1, the company purchased an
additional 900 units of inventory that cost $4.50 each. If the company sells 800 units of inventory, what is the amount of inventory that
would appear on the balance sheet immediately following the sale? (Round your intermediate calculations to two decimal places.)
Multiple Choice
$3,060
$3,600
Transcribed Image Text:that cost $3.50 each. On January 10, Year 1, the company purchased an
additional 900 units of inventory that cost $4.50 each. If the company sells 800 units of inventory, what is the amount of inventory that
would appear on the balance sheet immediately following the sale? (Round your intermediate calculations to two decimal places.)
Multiple Choice
$3,060
$3,600
$3,264
$2,625
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