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Chase Company Uses the Perpetual Inventory Method

Question 70

Multiple Choice

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

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