Shown below is activity for one of the products of Denver Office Equipment:

January 1 balance, 520 units @ $50$26,000

Purchases:January 10: 520 units @ $55

January 20: 1,040 units @ $59

Sales:January 12: 780 units

January 28: 770 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 -?