The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 Purchases: 9/7 9/25 Sales: 9/10 9/29 6,000 units @ $11.00 4,000 units @ $11.50 10,000 units @ $12.00 4,000 units 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. Required 1 Required 2 Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for Septemb inventory. (Round cost per unit to 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Average Cost # of units Unit Cost Cost of Goods Available for Sale # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Beginning Inventory 6,000 $ 11.00 $ 66,000 Purchases: 9/7 9/25 Total 4,000 $ 11.50 46,000 10,000 $ 12.00 120,000 20,000 $ 232,000 9,000 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 Perpetual Average # of units Cost per unit Inventory Value # of units sold Cost of Goods Sold Average Cost Cost of Goods per unit Sold Beginning Inventory Purchase - September 7 Subtotal Average Cost 0 0 Sale - September 10 Subtotal Average Cost 0 0 Purchase - September 25 Subtotal Average Cost 0 0 Sale - September 29 Total 0 $ 0 0 $ 0