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 400 units $2.50 500 units $2.30 600 units EN 400 units $2.60 200 units 52.40 550 units 234.00 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 51460 $1380 O $1.500 S4400