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Shown below is activity for one of the products of Denver Office Equipment: January 1...

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Accounting

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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 620 units @ $55 per unit $34,100 Purchases: January 10: 620 units @ $60 per unit January 20: 1,240 units @ $65 per unit Sales: January 12: 930 units January 28: 760 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

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