Problem 2 chapter 8 part a Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 690 units e$60 $41,400 Purchases: January 690 units e $64 10: January 1,220 units e $66 20: Sales January 1,000 units 12: January 800 units 281 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