Required information The following information applies to the questions displayed below.) Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information: Jan 1 Jan 12 Jan 18 Jan 21 Jan 25 Jan 31 Beginning inventory Purchase Sales Purchase Purchase Sales 1,200 units @ $4.10 1,300 units @ $3.90 1,400 units @ $5.60 1,200 units @ $4.20 1,000 units @ $4.00 1,350 units @ $5.60 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18? Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information: Jan 1 Jan 12 Jan 18 Jan 21 Jan 25 Jan 31 Beginning inventory Purchase Sales Purchase Purchase Sales 1, 200 units $4.10 1,300 units @ $3.90 1,400 units @ $5.60 1,200 units @ $4.20 1,000 units @ $4.00 1,350 units @ $5.60 Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31