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			Explanation		Units			Unit Cost			Unit Price
Apr.	1		Beginning inventory		50			$78
	6		Purchases		110			89
	8		Sales		(130	)					$120
	15		Purchases		120			68
	20		Sales		(120	)					102
	27		Purchases		20			59

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, e.g. 1.25. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) answer to part C was $2450 (49 x 50)

Account Titles and Explanation	Debit	Credit
COGS	?
inventory		?