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Shown below is activity for one of the products of Denver Office Equipment: January1 balance,...

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Shown below is activity for one of the products of Denver Office Equipment: January1 balance, 610 units $55 $33,550 Purchases: January 10: January 1,030 un 20: 610 units $60 units $65 Sales: January 1,000 units 12: January 50units 28: 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.) Answer is complete but not entirely correct. Ending inventory Cost of goods sold 39,170 $137,095

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