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Shown below is activity for one of the products of Denver Office Equipment: 2 January 1 balance, 520 units $50 per gait $26.000 Purchases: January 10 520 units 555 per unit January 201 1,940 units 559 per unit Sales January 12: 320 unita January 28: 770 units Sint 80140:23 Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a periodic Inventory system BOOK Ending ventory Cost of goods sold 7 Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual products and has collected the following data: Product $101 Selling price Cost coote to 013 71 16 Products $126 75 21 Prosto $ 21 31 7 points 0140 Determine the inventory book value for Products A, B, and C. NRV Cost Inventory Value Product B Book