TB Problem 8-150 (Algo) Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 550 unite e $60 per unit $33,000 Purchasest January 101 550 unito e $65 per unit January 1,100 units $57 per unit 20: Sales January 12 950 units January 200 units 25+ 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