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

Jan 1Beginning inventory400 units @ $2.50Jan 12Purchase500 units @ $2.30Jan 18Sales600 units @ $4.00Jan 21Purchase400 units @ $2.60Jan 25Purchase200 units @ $2.40Jan 31Sales550 units @ $4.00

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

$1400

$1460

$1500

$1380

None of the above.