ser=&launchUrtahttp%253A%252F%252Ftamusa blackboard.com%252Fwebapps Chapter 8-11 Saved Help Shown below is activity for one of the products of Denver Office Equipment January 1 balance, 500 units e $55 per unit $27,500 Purchases! January 10: 500 units e $60 per unit January 20: 1,000 units @ $63 per unit Sales: January 12 800 units January 28: 750 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