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Compute the January ending inventory

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Question - Shown below is activity for one of the products of Denver Office Equipment:

January 1 balance, 660 units @ $55 per unit $36,300Purchases: January 10:660 units @ $60 per unit January 20:1,180 units @ $65 per unit Sales: January 12:1,000 units January 28:800 units

Required - Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system.

Reference no: EM132531073

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