Answer format: With a comma, no decimal places, and no peso signs. Example: Your computed amount is 123456.78910. Encode it as 123,457. - For negative amounts: Place your answer inside the parenthesis. Example: Your answer is negative 123,457. Encode it as (123,457). Provided below are the movements in the inventory account of Lala Company for January 2020: Units Unit cost 10,000 20 Beginning inventory January 1 Purchases: January 10 18 20.000 20.000 50.000 22 20 28 18 The company uses the periodic inventory system. A physical count on January 31, 2020, shows 55,000 units of product A on hand. Using the FIFO Inventory System, determine the: Cost of inventory on January 31, 2020 Cost of goods sold