Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 530 units $55 per unit $29,150 Purchases: January 101 January 201 530 units $60 per unit 1,060 units $64 per unit Sales: January 820 units 121 January 281 650 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