Sheffield Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Date Explanation Units Unit Cost Total Cost Apr. 1 Beginning inventory 30 549 51.470 6 Purchases 15 9 Sales (35) 14 Purchases 20 Sales 28 Purchases 20 37 Determine the cost of goods sold and cost of ending inventory using average cost. (Round answers to 2 decimal places, e.g. 1.25.) Cost of Goods Sold Cost of Ending Inventory $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT When the company counted its inventory at the end of April, it counted only 24 skateboards on hand. What journal entry, if any, should the company make to record this shortage? (Credit account titles are automatically indented when the amount is entered. Do not indent manually and Round answers to 2 decimal places, e.g. 1.25. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and plante SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT If the company had not discovered this shortage, identify what accounts would be overstated or understated and by what amount. (Round answers to 2 decimal places, e.g. 1.25.) Merchandise Inventory Cost of Goods Sold Retained Earnings SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT