Given the following sales and purchases for the Omni Company for the month of September, 2021....

Transcribed Image Text:

Given the following sales and purchases for the Omni Company for the month of September, 2021. All sales are on credit, and all purchases are made on account. Purchases Date Units Dollars Extension Units Sales Inventory Dollars Extension Units 09/01 09/03 40 15 600 09/06 70 17 1,190 0 40 110 09/07 60 30 1,800 50 09/13 50 18 900 100 09/21 80 30 2,400 20 09/24 90 20 1,800 110 09/29 (70 30 30 2,100 40 (c) (15 points) Using the perpetual moving average cost method, What is the valuation of the ending inventory at September 30, 2021? Round all recalculations up to the nearest cent and value the ending inventory to the nearest cent. Given the following sales and purchases for the Omni Company for the month of September, 2021. All sales are on credit, and all purchases are made on account. Purchases Date Units Dollars Extension Units Sales Inventory Dollars Extension Units 09/01 09/03 40 15 600 09/06 70 17 1,190 0 40 110 09/07 60 30 1,800 50 09/13 50 18 900 100 09/21 80 30 2,400 20 09/24 90 20 1,800 110 09/29 (70 30 30 2,100 40 (c) (15 points) Using the perpetual moving average cost method, What is the valuation of the ending inventory at September 30, 2021? Round all recalculations up to the nearest cent and value the ending inventory to the nearest cent.