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 @ $10.00 Purchases: 9/7 4,000 units @ $10.30 9/25 10,000 units @ $10.60 Sales: 9/10 5,000 units 9/29 7,200 units 7,800 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. 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 S 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 6,000 $ 10.00 $ 60,000 Ending Inventory - Average Cost # of units Average Ending in ending Cost per unit Inventory inventory Average Cost per Unit # of units sold Cost of Goods Sold Beginning Inventory Purchases: 9/7 10.30 4,000 $ 10,000 $ 20,000 9/25 Total 10.60 41,200 106,000 207,200 $ Required 1 Required 2 > Complete this question by entering your answers in the tabs below. 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 unit Value # 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