Question: Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following Jan 1 Beginning inventory 2200 units @ $ 6.10 Jan

Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following Jan 1 Beginning inventory 2200 units @ $ 6.10 Jan 12 Purchase 2300 units @ $ 5.90 Jan 18 Sales 2400 units @ $ 7.60 Jan 21 Purchase 2200 units @ $ 6.20 Jan 25 Purchase 2000 units @ $ 6.00 Jan 31 Sales 2350 units @ $ 7.60 Assuming Chase uses a FIFO cost flow method, the cost of goods sold for the sales transaction on January 31 is: Select one: A. $24,090. B. $14,305. C. $14,725. D. $13,940.

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