Use the Following Information for Questions

question 36

Multiple Choice

Use the following information for questions
Chase Co.uses the perpetual inventory method.The inventory records for Chase reflected the following

-Assuming Chase uses a FIFO cost flow method,the cost of goods sold for the sales transaction on January 31 is:

• A)$1,020.
• B)$1,005.
• C)$1,045.
• D)$340.

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