Chapter 8 Homework0 Help Save&Exit 10 Exercise 8-16 Average cost method; periodic and perpetual systems (LO8-1,8-4 information is taken from the inventory records of the CNB Company for the month of September 9/25 500 units $12.20 on hand at the Required 1. Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for September and Septembers ending inventory 2. Repeat requirement 1 assuming that the company uses a perpetual inventory system Complete this question by entering your answers in the tabs below MacBook Air Rra 2 3 4 5