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The foliowing information is taken from the inventory records of the CNB Company for the month of September: Required: 1. Assuming that CNB uses a

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The foliowing information is taken from the inventory records of the CNB Company for the month of September: Required: 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. Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for September and 5 eptembers ending inventory. (Round cost per unit to 2 decimal places.) 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,)

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