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Find the january ending inventory and cost of goods sold

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Reference no: EM132856511

Shown below is activity for one of the products of Denver Office Equipment:

January 1 balance, 660 units @ $55 per unit $36,300 Purchases:

January 10: 660 units @ $60 per unit

January 20: 1,180 units @ $65 per unit

Sales:

January 12: 1,000 units

January 28: 800 units

Required:

Problem 1: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual inventory system.

Reference no: EM132856511

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