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Culver Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Culver uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product Date Explanation Unit Price Units Unit Cost Apr. 1 Beginning inventory 50 $83 6 Purchases 110 92 8 Sales (130) $117 15 Purchases 120 73 20 Sales (120) 97 27 Purchases 20 62 Prepare all journal entries for the month of April for Culver. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 1.25. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit April 1 6 00 (To record sales) 8 (To record cost of goods sold) 15 20 (To record sales) 20 (To record the inventory sold) 27