SIVed 5 Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 640 units $50 $32,000 Purchases: 16 January 10: 640 units $50 January 20: 1,120 units $57 Sales: polnts 01.3035 January 12: 800 units January 28: 780 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses FIFO Ending inventory Cost of goods sold