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Can someone help me record the appropriate entries and find the values ? i Problem G-GA M are provided with the iollowing infomation for Shefeld

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Can someone help me record the appropriate entries and find the values ?

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i Problem G-GA M are provided with the iollowing infomation for Shefeld Inc., which purchases its inventory from a supplier for cash and has only cash sales. Shefeld uses the average cost Formula in a perpetual inventory system, Increased competition has recently reduced the price of the product. 'm Explanlnn Ilnha timeout/Moe i Apr. 1 Beginning invenmry 50 $81 ' Purchases no 93 ' a sales (130) 115 15 Purd'luses 120 69 20 Sales (120) 100 l 27 Purchases 20 59 1 Prepare all Jnumal entries for the month of Aprll for shemeld, the huyen (Credit account mm are auoumatlcally lndenm whln the amount I: entered. Do not lndant manually. Round answers on 1 decimal places, e.g. 1.25. xlna entry I: required, select "No Entry" for the account min and enter a for the amounts.) Determine the ending inventory amount for Shefeld. (Round answer to 2 declmal places, mg. 1.25.) Ending Inventory $:] On April 30, Shefeld leams that the product has a net realizable value of $48 per unit. What amount should ending inventory be valued at on the April statement of nancial position? (Round answer to neamt whole dollar, e.g. 1525.) E Ending Inventory Valued at

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