The following information is taken from the inventory records of the CNB Company for the month of September Beginning inventory, 9/1/2021 6,300 units @ $11.00 Purchases: 9/7 4,200 units $11.68 9/25 10,500 units @ $12.20 Sales: 9/10 5,000 units 9/29 6,000 units 10,000 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 Goods W of units Unit Cost Available for Sale Cost of Goods Sold - Average Cost of units Average Cost of Cost per sold Goods Sold Unit Ending Inventory - Average Cost of units Average Ending In ending Cost per Inventory inventory unit Beginning Inventory Purchases 9/7 9:25 Total 0 $ Required 2 > The following information is taken from the inventory records of the CNB Company for the month of September Beginning inventory, 9/1/2021 6,308 units $11.00 Purchasest 9/7 4,288 units @ $11.68 9/25 18,500 units $12.20 Sales: 9/10 5,998 units 9/29 6,ase units 10,eee 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 perpetual inventory system and employs the average cost method, determine cost of goods sold for Serember and September's ending Inventory. (Enter inventory reductions for sales with a minus sion. Round cost per unit to decimal be Inventory on hand Inventory Cost per #of units unit Value Perpetual Average Cost of Goods Sold Average Cost Cost of Goods per unit Sold #of units sold 0 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 5 0