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What are 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, 500 units @ $55 per unit $27,500

Purchases:

January 10:500 units @ $60 per unit

January 20:1,000 units @ $63 per unit

Sales:

January 12:800 unitsJanuary 28:750 units

What are the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system?

Reference no: EM132488212

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