QUESTION 9 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 1900 units $5.50 2000 units @ $5.30 2100 units @$7.00 1900 units $5.60 1700 units $5.40 2050 units @ $7.00 Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31? $11,245 $11,605 $18,420 $10,940 QUESTION 12 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 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18? Beginning inventory Purchasee Sales Purchase Purchase Sales 2100 units $5.90 2200 units@ $5.70 2300 units $7.40 2100 units @ $6.00 1900 units$5.80 2250 units $7.40 $13,530 $13,570 $13,110 $13,130