2 1:46:38 Shown below is activity for one of the products of Denver Office Equipment January 1 balance. 510 units Purchases: January 10: 510 units $60 per unit $30, 600 $65 per unit January 20: 1, 020 units $60 per unit Sales: January 12: 740 units January 28: 760 units Required: Compute the January 31 ending Inventory and cost of goods sold for January, assuming Denver uses average cost and a periodic Inventory system. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Ending inventory Cost of goods sold