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Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 590 units @ $50 $29,500 Purchases: January 10: 590

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

January 1 balance, 590 units @ $50 $29,500
Purchases:
January 10: 590 units @ $50
January 20: 1,020 units @ $60
Sales:
January 12: 840 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 periodic inventory system. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)

Ending Inventory
Costs of goods sold

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