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 Sales 1,400 units @ $4.50 1,500 units @ $4.30 1,600 units @ $6.00 1,400 units @ $4.60 1,200 units @ $4.40 1,550 units @ $6.ee Jan 21 Jan 25 Jan 31 Purchase Purchase Sales Assuming Chase uses a FIFO cost flow method, what is the ending Inventory on January 31? Multiple Choice $5.500 $6,740 $10.570 $5.625