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 16 Jan 21 Zon 25 Jan 31 Beginning Inventory Purchase Sales Purchase Purchase Sales 300 units 52.30 400 units $2.10 500 units 53.30 300 units 52.40 100 units $2.20 450 units $3.30 Assuming Chase uses a UFO cost flow method what is the amount of cost of goods sold for the sales transaction on January 18? Multiple Choice $130 $1070 S1050 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 gan 21 Jan 25 Jan 31 Beginning Inventory Purchase Sales Purchase Purchase Soles 300 units $2.30 400 units 252.10 See units 52.30 300 units @ $2.40 100 units @ $2.20 450 units $3.80 Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31 Multiple Choice $1045 5340 51005 S1020