We investigate the dynamical spin and charge structure factors and the one-particle spectral function of the one-dimensional extended Hubbard model at half band-filling using the dynamical density-matrix renormalization group method. The influence of the model parameters on these frequency- and momentum-resolved dynamical correlation functions is discussed in detail for the Mott-insulating regime. We find quantitative agreement between our numerical results and experiments for the optical conductivity, resonant inelastic X-ray scattering, neutron scattering, and angle-resolved photoemission spectroscopy in the quasi-one-dimensional Mott insulator SrCuO$_2$.