Shown below is activity for one of the products of Denver Office Equipment:
January 1 balance, 560 units @ $56 $31,360
Purchases:
January 10: 560 units @ $61
January 20: 1,120 units @ $65
Sales:
January 12: 940 units
January 28: 810 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.)