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Shown below is activity for one of the products of Made in Kansas City Shop: January 1 balance, 630 units @ $55 $34,650 Purchases: January

Shown below is activity for one of the products of Made in Kansas City Shop: January 1 balance, 630 units @ $55 $34,650 Purchases: January 20: January 10: 630 units @ $60 1,020 units @ $62 Sales: 900 units 770 units January 12: January 28: Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming shop uses LIFO periodic inventory system. Ending inventory Cost of goods sold

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