The following information is taken from the inventory records of the CNB Company for the month of September:

Beginning inventory, 9/1/2821 7,000 units @ $9.00 Purchases: 9/7 5,000 units @ $10.20 9/25 8,000 units @ $10.30 Sales: 9/10 7,200 units 9/29 7,500 units 5,300 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (round cost per unit to a decimal place Ending Inventory Aage Cou Average Co Cost of Goods Available for sale Cost of Goods af units Unit Cost Available for Sale 7,000 $ 9.00 $ 63.000 Cost of Good Sold Have COM Average Cost of Goods Unit Sold of units Cost per sold of units Average in ending Cost per inventory unit Ending Inventory Beginning Inventory Parchases 017 25 Total 51200 5.000 $ 8.000 $ 10:20 10.30 15 00 Rene 2 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. Complete this question by entering your answers in the tabs below. Required i Required 2 Assuming that CNS 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.) Perpetual Average Inventory on hand of units Inventory unit Value Cost per Cost of Goods Sold #of units Average Cost Cost of sold Goods Sold per unit Beginning inventory Purchase - September 7 Subtotal Average Cost Sale - September 10 Subtotal Average Cosi Purchase - September 25 Subtotal Average Cost Sale September 29 Total Required 1