Shown below is the activity for one of the products of Random Creations: January 1 balance, 88 units @$50$4.400 Purchases: January 18 : 48 units $65 January 28:48 units @ $66 Sales. January 12:38 units January 22: 38 units January 31: 53 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Random Creations uses FIFO