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

January 1 balance, 700 units @ $55 per unit $38,500

Purchases: January 10: 700 units @ $60 per unit January 20: 1,100 units @ $62 per unit

Sales: January 12: 1,000 units January 28: 840 units

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

find:

ending inventory:

cost of goods sold :