Question: Chase Co uses the perpetual inventory method. The inventory records for Chase reflected the following information Jan 1 Jan 12 Jan 18 Jan 21 Jan

Chase Co uses the perpetual inventory method. The inventory records for Chase reflected the following information Jan 1 Jan 12 Jan 18 Jan 21 Jan 25 Jan 31 Beginning inventory Purchase Sales Purchase Purchase Sales 1,600 units @ $4.90 1,7ee units @ $4.70 1,880 units $6.40 1,680 units $5.80 1,400 units @ $4.80 1,750 units 56.40 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18? Multiple Choice O $8,820 $8,460 O $8,480

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