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

January $1$ balance, $540$ units @ $$50$ per unit $$27,000$

Purchases:

January $10$: $540$ units @ $$55$ per unit

January $20$:$1,020$ units @ $$56$ per unit

Sales:

January $12$: $910$ units

January $28$: $790$ 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