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 700 units $3.10 800 units $2.90 900 units $4.60 700 units $3.20 500 units $3.00 850 units @ $4.60 Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18? Multiple Choice $2,610 $2,750 $2,630 c $2,790