Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 530 units @ $55 per unit $29,150 Purchases: January 10: January 20: Sales: January 12: January 28: 530 units @ $60 per unit 1,060 units @ $64 per unit 820 units 650 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system. Ending inventory Cost of goods sold