[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 @ $2.10 500 units 53.80 300 units $2.40 100 units@ $2.20 450 units $3.89 Assuming Chase uses a FIFO cost flow method, what is the ending inventory on January 312 Multiple Choice $330 $340 $1,020 5345