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Shown below is activity for one of the products of Tangarey s Woggle Equipment: January 1 balance, 630 units @ $55 $34,650 Purchases: January 10:

Shown below is activity for one of the products of Tangarey s Woggle Equipment:




January 1 balance, 630 units @ $55 $34,650
Purchases:
January 10:630 units @ $60
January 20:1,260 units @ $62
Sales:
January 12:900 units
January 28:770 units


Required:

Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual inventory system.

Ending Inventory ?

Cost of Good Sold?


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