hown below is activity for one of the products of Denver Office Equipment:

January 1 balance, 580 units @ $60 $34,800

Purchases:

January 10: 580 units @ $65

January 20: 1,040 units @ $68

Sales:

January 12: 900 units

January 28: 780 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.

Ending Inventory?

Cost of Goods Sold?