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need help with d) thanks! Question 10 of 10 9.17/10 View Policies Show Attempt History Current Attempt in Progress Sheffield Inc. has provided you with

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need help with d)
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Question 10 of 10 9.17/10 View Policies Show Attempt History Current Attempt in Progress Sheffield Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Sheffield uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. Date Apr. Unit Cost $78 Unit Price 1 6 Units 50 110 (130) 120 89 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases 8 15 20 $120 68 (120) 102 27 20 59 (a) Your answer is correct. Prepare all journal entries for the month of April for Sheffield. (List all debit entries before credit entries. Credit account titles are utomaticallindanted when the amounts antara Donatindent manually. Round answers to decimalnieces. 125. Mina antes MacBook Air (c) Your answer is correct. On April 30, Sheffield learns that the product has a net realizable value of $49 per unit. Determine the amount that ending inventory will be valued at on the April statement of financial position. Ending Inventory Valued at $ 2450 e Textbook and Media List of Accounts Attempts: unlimited (d) Your answer is partially correct Question 10 of 10 9.17 /10 E (d) Your answer is partially correct. Based on your answer to part (c), determine whether the company should record a journal entry at the end of April and, if so, prepare the entry. (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, 28. 1.25. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit I Cost of Goods Sold Inventory e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit

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