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 @ $18.99 Sales: 9/10 6, eee units 9/29 1e,eee units 14, eee 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 Cost per 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 Cost of Average # of units Unit Cost Cost per Available for in ending Ending sold Unit Goods Sold unit inventory Sale Inventory Beginning Inventory 8.000 S 10.00 s 80.000 Purchases: 9/7 6,000 S 10.70 84,200 9/25 18.000 S 10.90 174,400 Total 30,000 s 318,600 16,000 Required Required 2 > The following Information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 8,eee units @ $10.00 Purchases: 9/7 6,000 units @ $18.70 9/25 16,800 units @ $19.99 Sales: 9/10 6,000 units 9/29 10,90e units 14, eee 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 per unit 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 Inventory Cost per # of units # of units Average Cost Cost of Goods unit Value sold Sold 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 $ 0