The following information is taken from the inventory records of the CNB Company for the month of September. Beginning inventory, 9/1/2021 units @ 8,800 $10.00 Purchases: 9/7 $10.70 9/25 $11.40 Sales: 9/10 5,000 units 9/29 6,500 units 8,500 units were on hand at the end of September 6,000 units 6,000 units 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 Required 1 sold 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 Cost # of Inventory Average Cost of per units Value units Cost Goods unit per unit Beginning Inventory 8,000 10.00 S 80.000 Purchase - September 7 6,000 10.707 64,200 Subtotal Average Cost 14,000 10.30 144,200 Sale - September 10 5,000 X 10.30 51,500 Subtotal Average Cost 19,000 10.30 195,700 Purchase - September 25 6,000 11.40 68.400 Subtotal Average Cost 25,000 10.74 264,100 Sale - September 29 6,500 X 10.74 69,810 (6,500) 10.74 (69,810) Total 31,500 10.74S 333,910 (6.500) (69.810)