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Chase Company Uses the Perpetual Inventory Method

Question 142

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 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 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

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