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

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

Jan 1 Beginning inventory 1,200 units @ $ 4.10
Jan 12 Purchase 1,300 units @ $ 3.90
Jan 18 Sales 1,400 units @ $ 5.60
Jan 21 Purchase 1,200 units @ $ 4.20
Jan 25 Purchase 1,000 units @ $ 4.00
Jan 31 Sales 1,350 units @ $ 5.60

Assuming Chase uses a FIFO cost flow method, the cost of goods sold for the sales transaction on January 31 is:

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