TB MC Qu. 5-97 (Static) Chase Company uses the perpetual inventory... Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following January 1 Beginning inventory 300 units @ $2.30 January 12 Purchase 400 units @ $2.10 January 18 Sales 580 units 53.80 January 21 Purchase 300 units @ $2.40 January 25 Purchase 100 units @ $2.20 January 31 Sales 450 units $3.80 Assuming Chase uses a FIFO cost flow method the ending inventory on January 31 1 Murple Choice 5245 5340 $30 51020