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The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 6,000 units & $10.00

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The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 6,000 units & $10.00 Purchases: 9/7 4,000 units $10.30 9/25 10,000 units $10.60 Sales 9/10 5,000 units 9/29 7,200 units 7,800 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 2 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory Average Cost Cost of Average cost Average of units Goods Unit Cost of units of units Cost of Averago Available for sold Coat per Ending In ending Cost per Goods Sold Unit Sale) Inventory unit Inventory Beginning twentory 0.0005 10.00 00.000 Complete this question by entering your answers in the tabs below. Required: 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 2 decimal places) Cost of Goods Available for Sale Cost of Goods Sold - Average Cost Ending Inventory - Average Cost Cost of Average cost Goods of units Average #of units Unit Cost #of units Average Cost of Cost per Available for Ending sold Cost per in ending Goods Sold Unit Inventory Sale inventory Beginning inventory 6,000 $ 10.00 $ 60.000 Purchases 817 4000 $ 10.30 41.200 9/25 10.000 $ 10.50 100.000 Total 20.000 $ 207 200 Required 2 > 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 Cost per # of units Inventory # of units Average Cost Cost of Goods unit Value sold per unit Sold Beginning Inventory Purchase - September 7 Subtotal Averago Cost 0 Sale - September 10 Subtotal Average Cost 0 Purchase. September 25 Subtotal Average Cost 0 Sale - September 29 Total $ 0 $ 0 0 0 0 0 0 Required 1 Required

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