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The following information is taken from the inventory records of the CNB Company for the month of September: Beginning inventory, 9/1/2018 Purchases: 8,000 units e $10.00 6,000 units $10.70 9,000 units $12.60 9/7 9/25 Sales 8,000 units 9,000 units 9/10 9/29 6,000 units were on bhand 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. Repeat requirement 1 assuming that the company uses a perpetual inventory system. Required: . 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. Repeat requirement 1 assuming that the company uses a perpetual inventory system. 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 "Average Cost per Unit" to 2 decimal places.) Ending Inventory-Average Cost Cost of Goods Available for Sale Cost of Goods Sold -Average Cost Average Cost Cost of Goods Average Cost per Unit # of units in ending inventory Average Cost per unit Unit # of units Ending Inventory Cost of # of units Available for Sale Goods Sold Cost sold Beginning Inventory Purchases: 9/7 9/25 Total Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required 2 Required 1 Repeat requirement 1 assuming that the company uses a perpetual inventory system. (Enter inventory reductions for sales with a minus sign. Round "Average Cost per Unit" to 2 decimal places.) Cost of Goods Sold Inventory on hand Perpetual Average Average Cost per unit Goods Sold Cost of # of units sold Cost per unit Inventory Value #of units 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

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