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

January 1 balance, 660 units @ $55per unit $36,300Purchases:January 10:660 units @ $60 per unitJanuary 20:1,180 units @ $65 per unitSales:January 12:1,000 unitsJanuary 28:800 units

Required:

Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system.