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What is the ending inventory on January

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

January 1 Beginning inventory 600 units @ $2.90

January 12 Purchase 700 units @ $2.70

January 18 Sales 800 units @ $4.40

January 21 Purchase 600 units @ $3.00

January 25 Purchase 400 units @ $2.80

January 31 Sales 750 units @ $4.40

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

Reference no: EM132651186

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