Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following

Jan 1	Beginning inventory	700	units	@	$	3.10
Jan 12	Purchase	800	units	@	$	2.90
Jan 18	Sales	900	units	@	$	4.60
Jan 21	Purchase	700	units	@	$	3.20
Jan 25	Purchase	500	units	@	$	3.00
Jan 31	Sales	850	units	@	$	4.60

Assuming Chase uses a LIFO cost flow method, the amount of cost of goods sold for the sales transaction on January 18 is:

Multiple Choice

• $2,790.

• $2,750.

• $2,610.

• $2,630.