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 unit January 28: 750 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?