Please help me with question DThank you.

Grouper Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Grouper uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. 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 outomatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, es. 1.25. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)