Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 560 units @ $56 $31,360 Purchases: January 10: 560 units $61 January 20: 1,120 units $65 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 perpetual inventory system Ending inventory Cost of goods sold