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Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following...

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Accounting

Chase Company uses the perpetual inventory method. The inventory records for Chase reflected the following information:

January 1 Beginning inventory 1,800 units @ $5.30

January 12 Purchase 1,900 units @ $5.10

January 18 Sales 2,000 units @ $6.80

January 21 Purchase 1,800 units @ $5.40

January 25 Purchase 1,600 units @ $5.20

January 31 Sales 1,950 units @ $6.80

Assuming Chase uses a FIFO cost flow method, what is the ending inventory on January 31?

Multiple Choice $8,745

$16,690

$8,580

$10,020

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