Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 590 units @ $50 $29,500 Purchases! January 10: 590 units @ $50 January 20: 1,020 units @ $60 Sales: January 840 units 12: January 790 units 28: Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual Inventory system. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar amount.) Ending inventory Cost of goods sold