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Below is the activity for one of Texas Office Equipment's product: January 1 balance, 620 units @ $55 per unit $34,100 Purchases: January 620 units

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Below is the activity for one of Texas Office Equipment's product: January 1 balance, 620 units @ $55 per unit $34,100 Purchases: January 620 units @ $60 per unit 10: January 1,240 units @ $65 per unit 20: Sales: January 930 units 12: January 760 units 28: Required: Texas uses average cost and a periodic inventory system. What is the ending inventory for January 31st and January's cost of goods sold for? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Ending inventory Cost of goods sold

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