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

January 1 balance, 620 units @ $55 per unit $34,100

Purchases:

January 10: 620 units @ $60 per unit

January 20: 1,240 units @ $65 per unit

Sales:

January 12: 930 units

January 28: 760 units

Required:

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