Question: Seved Help Save Ch Shown below is activity for one of the products of Denver Office Equipment January 1 balance 670 units 560 per unit

 Seved Help Save Ch Shown below is activity for one of

Seved Help Save Ch Shown below is activity for one of the products of Denver Office Equipment January 1 balance 670 units 560 per unit 540,200 Purchases: January 10: 670 units $54 per unit January 20: 1,060 units eso per unit Salest January 121 900 units January 28 100 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LIFO and a perpetual inventory system $ Ending inventory Cost of goods sold 42.000 97,980 $

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