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Business, 27.11.2019 22:31 taylorlawrence8147

The following information is taken from the inventory records of the cnb company for the month of september: beginning inventory, 9/1/2018 6,000 units @ $10.00 purchases: 9/7 4,000 units @ $10.30 9/25 10,000 units @ $10.60 sales: 9/10 5,000 units 9/29 7,200 units 7,800 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. repeat requirement 1 assuming that the company uses a perpetual inventory system.

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