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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 670 units @ $60 $40,200 Purchases: January 10: 670

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

January 1 balance, 670 units @ $60 $40,200
Purchases:
January 10: 670 units @ $54
January 20: 1,060 units @ $60
Sales:
January 12: 900 units
January 28: 800 units

Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system.

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