Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following January 1 January 12 January 18 January 21 January 25 January 31 Beginning inventory Purchase Sales Purchase Purchase Sales 1,900 units @ $5.50 2,000 units @ $5.30 2,100 units @ $7.00 1,900 units @ $5.60 1,700 units @ $5.40 2,050 units @ $7.00 Assuming Chase uses a LIFO cost flow method, the amount of cost of goods sold for the sales transaction on January 18 is: Multiple Choice $11,550. X $11,130. O $11,150 $11,510. O