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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 510 units @ $60 $30,600 Purchases: January 10: 510

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

January 1 balance, 510 units @ $60 $30,600
Purchases:
January 10: 510 units @ $65
January 20: 1,020 units @ $69
Sales:
January 12: 740 units
January 28: 760 units
Ending inventory
Cost of goods sold

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

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