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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 560 units @ $56 per unit $31,360 Purchases:

 

Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 560 units @ $56 per unit $31,360 Purchases: January 560 units @ $61 per unit 10: January 1,120 units e $65 per unit 20: Sales: January 12: 940 units January 810 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

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