Problem 2 chapter 8 part Shown below is activity for one of the products of Denver Office Equipment: 555 $34,100 January 1 balance, 620 units Purchases January 20 units 101 560 January 1,240 units 565 20+ Sales: January 930 units 12: January 760 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