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 300 units $2.30 400 units 52.10 500 units $ 3.80 300 units $2.40 100 units $2.20 450 unita $3.80 Assuming Chase uses a FIFO cost flow method, what the ending inventory on January 31? Chico Company paid $570,000 for a basket purchase that included office furniture, a bullding and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately Office furniture. $145.000; Building, $470,000 and Land $115.000. Based on this Information, what is the cost that should be allocated to the office furniture (Round your intermediate percentages to four decimal places: 054231 5.42)