Solution-The following information is taken from the

The following information is taken from the inventory record

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Reference no: EM131000691

The following information is taken from the inventory records of the CNB Company:

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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.

Reference no: EM131000691

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The following information is taken from the inventory record

Reference no: EM131000691

Reference no: EM131000691

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