Shown below is activity for one of the products of Denver Office Equipment:

January $1$ balance, $650$ units @ $$60$ per unit $$39,000$

Purchases:

January $10$: $650$ units @ $$65$ per unit

January $20$: $1,200$ units @ $$70$ per unit

Sales:

January $12$:$1,000$ units

January $28$: $790$ 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.

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

Ending inventory

Cost of goods sold