Marigol

Marigold Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Marigold uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product.

$\backslash$table$[[$Date$,$Explanation,Units,Unit Cost,Unit Price$],[$Apr$.1,$Beginning inventory,$50,$$$79,],[6,$Purchases,$110,89,],[8,$Sales,$(130),,],[15,$Purchases,$120,67,],[20,$Sales,$(120),,],[27,$Purchases,$20,59,96]]$

Prepare all journal entries for the month of April for Marigold. $($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, es$,5,275\mathrm{.}25.$ If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$d Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Marigold uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product.