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