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Shown below is activity for one of the products of Denver Office Equipment: $55 January 1 balance, 530 units $29,150 Purchases: January 530 units $60
Shown below is activity for one of the products of Denver Office Equipment: $55 January 1 balance, 530 units $29,150 Purchases: January 530 units $60 10: January 1,060 units e $64 20: Sales: uary 820 units 12: January 650 units 28: 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
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