Jan 1 Jan 12 Jan 18 Jan 21 Jan 25 Jan 31 Beginning inventory Purchase Sales Purchase Purchase Sales 700 units @ $3.10 800 units @ $2.90 900 units @ $4.60 700 units @ $3.20 500 units @ $3.00 850 units @ $4.60 TB MC Qu. 05-57 Assuming Chase uses a FIFO cost flow method... Assuming Chase uses a FIFO cost flow method, what is the ending inventory on January 31? Multiple Choice $1,705 $1,650 $2.940