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

January 1 balance, 610 units @ $55 $33,550

Purchases:

January 10: 610 units @ $60

January 20: 1,030 units @ $65

Sales:

January 12: 1,000 units

January 28: 750 units

Required:

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