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

January 1 balance, 550 units @ $60 $33,000

Purchases:

January 10: 550 units @ $65

January 20: 1,100 units @ $57

Sales:

January 12: 950 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.

Ending inventory?

Cost of Goods Sold?