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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Chase Company Uses the Perpetual Inventory Method