Question: QUESTION 2 Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information an 1 an 12 an 18 an

QUESTION 2 Chase Co. uses the perpetual inventory method. The inventory

QUESTION 2 Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information an 1 an 12 an 18 an 21 an 25 an 31 Beginning inventory Purchase Sales Purchase Purchase Sales 1300 units $4.30 1400 units $4.10 1500 units $5.80 1300 units @ $4.40 1100 units @ $4.20 1450 units @ $5.80 Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31? $6020 $9240 $6445 $6205

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