34 Chapters 8 & 9 0 Saved Shown below is activity for one of the products of Denver Office Equipment: 01241 January 1 balance, 570 units @ $50 per unit $28,500 Purchases: January 570 units @ $60 per unit January 1,868 units @ $61 per unit Sales: January 1,800 units January 770 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 Cost of goods sold