Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 648 units @ 350 per unit $32,000 Purchases: January 640 units e$50 per unit 10: January 1,120 units e $57 per unit Sales: January 800 units 12: January 780 units 28: 20: Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses UFO and a perpetual inventory system Ending Inventory Cost of goods sold