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

January $1$ balance, $560$ units @ $$56$ per unit $$31,360$

Purchases:

January $10$: $560$ units @ $$61$ per unit

January $20$: $1,120$ units @ $$65$ per unit

Sales:

January $12$: $940$ units

January $28$: $810$ units

Required:

Compute the January $31$ ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a periodic inventory system.