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

January 1 balance, 85 units @ $60 $5,100

Purchases:

January 18: 77 units @ $60

January 28: 77 units @ $61

Sales:

January 12: 47 units

January 22: 47 units

January 31: 62 units

Required:

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