Chase Company Uses the Perpetual Inventory Method

question 70

Multiple Choice

Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following information: Assuming Chase uses a LIFO cost flow method, what is the amount of cost of goods sold for the sales transaction on January 18?

• A)$13,570
• B)$13,130
• C)$13,110
• D)$13,530

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