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 12: 840 units January 28: 790 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 90,150x 34,200