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

Question

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

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 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

Chase Company Uses the Perpetual Inventory Method