13 Part 2 of 2 10 Do Required information The following information applies to the questions displayed below) At the beginning of October Bowser Co's inventory consists of 54 units with a cost per unit of 546. The following transactions occur during the month of October October 4 Purchase 126 units of Inventory on account from yolulgi co, forse per unit, tors 1/10, 1/30 October 5 Pay cash for freight charges related to the October 4 purchase, 3696 October Return 10 defective units from the October 4 purchase and receive credit October 12 Pay Walull Co. in full October 15 Sell 156 units of Inventory to customers on account, $12,400 The cost of write sold fro the October purchase includes $50 unit cost plus 56 per unit for freight les 51 per unit for the purchase discount Op 535 per unit October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase units of Inventory from Waluigi Co. for $6 per unit, te 1/10, s. October 23 Sell units of inventory to customers for cash, 57,000 (Note: Por calculating the cost of inventory sot, Ignore the possible purchase discount on October 20.) Reference 2. Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $35. Record any necessary adjustment for lower of cost and net realizable volue (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field) 13 Required information Entry requirea" in the first account reia) Part 2 of 2 View transaction list 10 points Journal entry worksheet cBook Print Record the adjustment of inventory to net realizable value. References Note: Enter debits before credits Date October 31 General Journal Debit Credit Record entry Clear entry View general journal