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

January 1 balance, 550 units @ $60 $33,000

Purchases:

January 10:550 units @ $65

January 20:1,100 units @ $57

Sales:

January 12:950 units

January 28:800 units

Required:

Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses FIFO.