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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 690 units @ $60 $41,400 Purchases: January 10: 690
Shown below is activity for one of the products of Denver Office Equipment:
January 1 balance, 690 units @ $60 $41,400 | |
Purchases: | |
January 10: | 690 units @ $64 |
January 20: | 1,220 units @ $66 |
Sales: | |
January 12: | 1,000 units |
January 28: | 800 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:?
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