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Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following Beginning inventory Jan 1 2,300 units e $6.30 2,400 units
Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following Beginning inventory Jan 1 2,300 units e $6.30 2,400 units e $6.10 2,500 units e $7.80 Jan 12 Purchase Jan 18 Sales 35:47 Jan 21 Purchase Jan 25 Purchase 2,300 units e $6.40 2,100 units e $6.20 Jan 31 Sales 2,450 units e $7.80 Assuming Chase uses a FIFO cost flow method, the ending inventory on January 31 is: Multiple Choice $13,545. $26,140 $13.330. $15.020
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