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

January $1$ balance, $500$ units @ $$55$ per unit $$27,500$

Purchases:

January $10$: $500$ units @ $$60$ per unit

January $20$:$1,000$ units @ $$63$ per unit

Sales:

January $12$:$800$ units

January $28$: $750$ units

Required: Compute the January $31$ ending inventory and cost of goods sold for January, assuming Denver uses FIFO and a perpetual inventory system.

a$.$ Ending Inventory

b$.$ Cost of Goods Sold.

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

c$.$ Ending Inventory

d$.$ Cost of Goods Sold