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 Beginning Inventory Purchase the Sales Purchase 300 units @ $2.30 400 units @ $2.10 500 units @ $3.80 300 units @ $2.40 189 units @ $2.20 450 units @ $3.80 Jan 2 Jan 25 Purchase Jan 31 Sales Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31? Multiple Choice O $340