Chase Company Uses the Perpetual Inventory Method

question 142

Multiple Choice

Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following information: Assuming Chase uses a FIFO cost flow method, what is the cost of goods sold for the sales transaction on January 31?

• A)$13,245
• B)$12,900
• C)$13,645
• D)$22,120

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