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 9/25 16,000 units @ $10.90 Sales: 9/10 6,000 units 9/29 19,800 units 14,000 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 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.) Perpetual Average #of units Cost of Goods Sold Average Cost Cost of Goods per unit Sold Inventory on hand #of units Cost per Inventory unit Value 8,000 $ 10.00 S 80,000 6,000 10.70 64 200 14,000 10.30 144 200 10 301 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 144200 14 000 144 200 14 000 144 200