The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2021 6,000 units @ $11.00 Purchases: 9/7 5,000 units @ $11.00 9/25 9,000 units @ $11.40 Sales: 9/10 8,000 units 9/29 9, 200 units 2,800 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 Septe 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 Average Cost Cost of Goods Average # of units Average # of units Cost of # of units Ending Unit Cost Available for Cost per Cost per in ending sold Goods Sold Inventory Sale Unit inventory unit Beginning Inventory 6,000 $ 11.00 66,000 Purchases 9/7 5.000 $ 11.00 55,000 9/25 9,000 11.40 102.600 Total 20.000 $ 223.600 Perpetual Average Inventory on hand # of units Inventory unit Value Cost per # of units sold Cost of Goods Sold Average Cost Cost of Goods Sold per unit Beginning Inventory Purchase - September 7 Subtotal Average Cost Sale - September 10 Subtotal Average Cost Purchase - September 25 Subtotal Average Cost Sale - September 29 Total