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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 510 units @ $60 per unit $30,600 Purchases: January
Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 510 units @ $60 per unit $30,600 Purchases: January 510 units @ $65 per unit 10: January 1,020 units @ $69 per unit Sales: January 740 units 12: January 760 units 28: 20: 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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