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

January 1 balance, 510 units @ $60 per unit $30,600

Purchases:

January 10: 510 units @ $65 per unit January 20: 1,020 units @ $69 per unit

Sales:

rences

January 12: 740 units

January 28: 760 units

Required:

Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses FIFO.

Ending inventory

Cost of goods sold