Shown below is the activity for one of the products of Random Creations:

January $1$ balance, $80$ units @ $$50$$$4,000$

Sales:

January $12$: $30$ units

January $22$: $30$ units

January $31$: $45$ units

Required:

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

Answer is complete but not entirely correct.