Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 590 units # 550 per unit 529,500 Purchases January 101 590 units . $50 per unit January 201 1,020 units $60 per unit Sales January 12 840 units January 281 790 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