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 600 units @ $2.90 700 units @ $2.70 800 units @ $4.40 600 units @ $3.00 400 units @ $2. 80 750 units @ $4.40 Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31? Multiple Choice $2,100 $2,170 $2,145 $2,245