everything is correct except for question in blank and the questikn in red

On April 30 , Monty learns that the product has a net realizable value of $50 per unit. Determine the amount that ending inventory will he valued at on the Anril statement of financial position. Ending inventory valued at Mority inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Monty uses the average cost formula in a perpetual inyentory system. Increased competition has recently reduced the price of the product. Determine the ending inventory amount for Monty. (Round intermediate calculation to 2 decimal places, es. 15.25 and final answer to 2 decimal ploces, es. 5,275.25. Ending irventory Based on your answer to previous question, determine whether the company should record a journal entry at the end of April and, if so, prepare the entry. (list debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Round answers to 2 decimal places, es. 550.25. )