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What is the ending inventory on January

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

Jan 1 Beginning inventory 1000 units @ $3.70

Jan 12 Purchase 1100 units @ $3.50

Jan 18 Sales 1200 units @ $5.20

Jan 21 Purchase 1000 units @ $3.80

Jan 25 Purchase 800 units @ $3.60

Jan 31 Sales 1150 units @ $5.20

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

Reference no: EM132772863

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