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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 510 units @ $60 $30,600 Purchases: January 10: 510
Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 510 units @ \$60 \$30,600 Purchases: January 10: 510 units @ \$65 January 20: 1,020 units @ \$69 Sales: January 12: 740 units January 28: 760 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses FIFO
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