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The following Information is taken from the Inventory records of the CNB Company for the month of September: 9/7 Beginning inventory, 9/1/2021 8, eee units @ $11.00 Purchases: 7,000 units @ $11.30 9/25 9,000 units @ $11.70 Sales: 9/10 6,000 units 9/29 10,000 units 8,880 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 # of units Unit Cost Available for Sale Cost of Goods Sold - Average Cost Average # of units Cost of Cost per sold Unit Goods Sold ' Ending Inventory - Average Cost # of units Average Ending in ending Cost per inventory unit Inventory Beginning Inventory Purchases: 9/25 Total 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 # of units Cost per Inventory 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 Required 1 Required 2 >