The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 7,000 units @ $9.00 Purchases: 9/7 5,000 units @ $10.20 9/25 8,000 units @ $10.30 Sales: 9/10 7,200 units 9/29 7,500 units 5,300 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. 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 Sold - Average Cost Average Cost Cost of Goods Available for Sale Cost of # of units Unit Cost Goods Available for Sale 7.000 $ 9.00 $ 63,000 Average Cost per Unit # of units sold Ending Inventory - Average Cost # of units Average in ending Ending Cost per unit Inventory inventory Cost of Goods Sold Beginning Inventory Purchases: 9/7 9/25 Total $ 10.20 51.000 5,000 8,000 20,000 $ 10.30 82.400 196,400 $ 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.) Perpetual Average Inventory on hand Cost per Inventory # of units Value of units sold Cost of Goods Sold Average Cost Cost of Goods per unit Sold unit 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 01 $ 0 $ 0