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The following information is taken from the inventory records of the CNB Company for the month of September Beginning inventory/1/2021 6,400 units $10.00 Purchases 9/2

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The following information is taken from the inventory records of the CNB Company for the month of September Beginning inventory/1/2021 6,400 units $10.00 Purchases 9/2 3.600 units 511.50 9/25 10,000 units 512.30 Salesi 9/10 4,000 wita 9729 5,000 unit 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 met the nextinn by entering your answers in the tabs below Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming that ONB uses a periodic Inventory system and employs the average cost method, determine cost of goods sold for September and Septemba Inventory (Round cost per unit to 2 decimal places) Average. Con Coot of Goods Available for Sale+ Cost of of units Goods Unit Cost Available for Sale 6400 10.00 04000 Cont of Goods Sold - Average Coot Average 1 of units Cont of sold Cost per Goods Sold Unit Ending inventory - Avage Coat Wof units Average Ending Cost per in ending Inventory unit Inventory Beginning for Purchases 07 25 To 3,600 100005 20.000 11.50 1230 41400 123.000 228.400 $ Required 2 > Required 1 Required 2 Assuming that CNB uses a perpetual inventory system and employs the average cost method, determine cost of goods sold for Sentember and September's ending Inventory. (Enter Inventory reductions for sales with a minus sian Round cost per unit to 2 decimal places) Perpetual Average Inventory on hand #of units Inventory unit Value Cost per #of units sold Cost of Goods Sold Average Cost Cost of Goods per unit 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

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