Question: Please round the final answer to the whole dollar Shown below is activity for one of the products of Denver Office Equipment: January 1 balance,
Please round the final answer to the whole dollar
Shown below is activity for one of the products of Denver Office Equipment:
| January 1 balance, 570 units @ $50 $28,500 | |
| Purchases: | |
| January 10: | 570 units @ $60 |
| January 20: | 1,060 units @ $61 |
| Sales: | |
| January 12: | 1,000 units |
| January 28: | 770 units |
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.)
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