You are provided with the following information for Bridgeport Inc., which purchases its inventory from a supplier for cash and has only cash sales. Bridgeport 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/Price
Apr.	1		Beginning inventory		50			$84
	6		Purchases		110			87
	8		Sales		(130	)		116
	15		Purchases		120			71
	20		Sales		(120	)		98
	27		Purchases		20			62

1. Prepare all journal entries for the month of April for Bridgeport, the buyer

2.Determine the ending inventory amount for Bridgeport

3. On April 30, Bridgeport learns that the product has a net realizable value of $51 per unit. What amount should ending inventory be valued at on the April statement of financial position