Shown below is activity for one of the products of Random Creations:

January $1$ balance, $80$ units @ $$50$ per unit $$4,000$

Purchased:

January $10$: $40$ units @ $$51$ per unit

January $20$: $40$ units @ $$52$ per unit

Sales

January $1230$ units

January $28$: $30$ units

January $31$: $45$ units

Required: Compute the January $31$ ending inventory and cost of goods sold for January, assuming Random Creations uses FIFO.

Ending inventory

COGS