Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following January 1 Beginning inventory 1,000 units @ $3.70 January 12 Purchase 1,100 units @ $3.50 January 18 Sales 1,200 units @ $5.20 January 21 Purchase 1,000 units @ $3.80 January 25 Purchase 800 units @ $3.60 January 31 Sales 1,150 units @ $5.20 Assuming Chase uses a FIFO cost flow method, the cost of goods sold for the sales transaction on January 31 is: Multiple Choice $4225 $4,100. Saved He Multiple Choice 54.225. 54100. 54,405, 55730