The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 5,000 units @ $10.00 Purchases: 9/7 3,000 units @ $10.40 9/25 8,000 units @ $10.75 Sales: 9/10 4,000 units 9/29 5,000 units 7,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Average Cost Cost of Goods Available for Sale Cost of Goods Unit # of units Available for Cost Sale 5,000 $ 10.00 50,000 Cost of Goods Sold - Average Cost # of units Average Cost of Cost per sold Goods Sold Ending Inventory - Average Cost # of units Average Ending in ending Inventory inventory unit Cost per Beginning Inventory Purchases: 9/7 9/25 3,000 $ 10.40 8,000 $ 10.75 16,000 31,200 86,000 167,200 Total $ Required 1 Required 2 > Complete this question by entering your answers in the tabs below. 2 Required 1 Required 2 Required 2 Assuming that CNJ 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 Cost per Inventory # of units Cost of Goods Sold # of units Average Cost of sold Cost per unit Goods Sold unit Value 0 0 Beginning Inventory Purchase - September 7 Subtotal Average Cost Sale - September 10 Subtotal Average Cost Purchase - September 25 Subtotal Average Cost Sale - September 29 Total 0 0 0 0 0 $ 0 0 $ 0