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

January 1 Beginning inventory 900 units @ $3.50

January 12 Purchase 1,000 units @ $3.30

January 18 Sales 1,100 units @ $5.00

January 21 Purchase 900 units @ $3.60

January 25 Purchase 700 units @ $3.40

January 31 Sales 1,050 units @ $5.00

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

Multiple Choice:

$3,850

$3,630

$3,650

$3,810