Shown below is activity for one of the products of Denver Office Equipment:

January $1$ balance, $550$ units @ $$60$ per unit $$33,000$

Purchases:

January $10$: $550$ units @ $$65$ per unit

January $20$: $1,100$ units @ $$57$ per unit

Sales:

January $12$: $950$ units

January $28$: $800$ units

Required:

Compute the January $31$ ending inventory and cost of goods sold for January, assuming Denver uses FIFO.