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Shown below is activity for one of the products of Denver Office Equipment January 1...

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Accounting

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Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 680 unite $55 $37,400 Purchasess January 680 units $60 101 January 1,190 unies 62 201 Sales Janoary 850 units 121 January 820 units 28a Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses LFO and a perpetual inventory system. Ending inventory Cost of goods sold

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