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ccsu.blackboard.com C Course Hero Blackboard Learn Central Connecticut State University Reshma Shaikh Y MyCourses@CCSU Organizations@CCSU Content Collection Connect HW Chapter 8 i Saved Help Save & Exit Submit 4 The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 8,000 units @ $10.00 Purchases: 9/7 6,000 units @ $10. 70 4 9/25 16,000 units @ $10.90 points Sales : 9/10 6,000 units 9/29 10,000 units 14,000 units were on hand at the end of September. eBook Print Required: References 1. Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. 2. Assuming that CNB uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming that CNB uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. (Enter inventory reductions for sales with a minus sign. Round cost per unit to 2 decimal places.) Inventory on hand Cost of Goods Sold Perpetual Average # of units Cost per Inventory # of units Average Cost | Cost of Goods unit Value sold per unit Sold ccsu.blackboard.com C Course Hero Blackboard Learn Central Connecticut State University Reshma Shaikh Y MyCourses@CCSU Organizations@CCSU Content Collection Connect HW Chapter 8 i Saved Help Save & Exit Submit September and September's ending inventory. YOUL VI youJ JVIL IVI Complete this question by entering your answers in the tabs below. 4 Required 1 Required 2 points Assuming that CNB uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory. (Enter inventory reductions for sales with a minus sign. Round cost per unit to 2 decimal places.) eBook Print Inventory on hand Cost of Goods Sold Perpetual Average # of units Cost per Inventory # of units Average Cost | Cost of Goods References unit Value sold per unit Sold Beginning Inventory 8,000 $ 10.00 $ 80,000 Purchase - September 7 ,000 10.70 64.200 Subtotal Average Cost 14,000 10.30 144.200 Sale - September 10 0.30 Subtotal Average Cost 14,000 10.30 144,200 Purchase - September 25 6,000 10.90 174,400 Subtotal Average Cost 30,000 318,600 Sale - September 29 14,000 10.70 149,800 (14,000) 10.70 149,800) Total 44,000 $ 468,400 (14,000 $ (149,800) Required 1 Required 2 Graw Hill