The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 6,400 units @ $10.00 Purchases: 9/7 3,600 units @ $11.50 9/25 10,000 units @ $12.30 Sales: 9/10 4,000 units 9/29 5,000 units 11,000 units were on hand at the end 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. Answer is not complete. 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 unit Inventory Value # of units sold Average Cost per unit Cost of Goods Sold 6,400 $ 10.00 $ 64,000 3,600 11.50 41,400 10,000 10.54 105,400 4,000 X 10.54 42,160 Beginning Inventory Purchase - September 7 Subtotal Average Cost Sale - September 10 Subtotal Average Cost Purchase - September 25 Subtotal Average Cost Sale - September 29 Total 14,000 10.54 147,560 10,000 12.30 123,000 24,000 270,560 6,000 X 0.00 0 (6,000) (6,000) 30,000 $ 270,560 $ 0