Shown below is activity for one of the products of Kansas City Local Shop: January 1 balance, 610 units @ $55 $33,550 Purchases: January 10: January 20: Sales: January 12: January 28: 610 units @ $60 1,030 units @ $65 1,000 units 750 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming the shop uses FIFO. Ending inventory Cost of goods sold