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 @ $9.00 Purchases: 9/7 6,000 units @ $9.70 9/25 10,000 units @ $9.90 Sales : 9/10 9,000 units 9/29 9,000 units 6,000 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 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 # of units Goods Unit Cost Available for Sale 8,000 S 9.00 S 72,000 Cost of Goods Sold - Average Cost # of units Average Cost of Cost per sold Unit Goods Sold Ending Inventory - Average Cost # of units Average in ending Cost per Ending inventory unit Inventory Beginning Inventory Purchases: 9/7 9/25 Total 6,000 $ 10,000 S 24,000 9.70 9.90 58.200 99.000 229,200 S 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 @ $9.00 Purchases: 9/7 6,000 units @ $9.70 9/25 10,000 units @ $9.90 Sales: 9/10 9,000 units 9/29 9,000 units 6,000 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 Value sold 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 # of units Cost per Inventory # of units Average Cost Cost of Goods unit per unit Sold Beginning Inventory Purchase - September 7 Subtotal Average Cost Sale - September 10 Subtotal Average Cost 0 Purchase - September 25 Subtotal Average Cost Sale - September 29 0 0 0 0 0 S 5 Total 0 S 0 0 0