4 In November 2018, the Brunswick Company signed two purchase commitments. The first commitment In November 2018 requires Brunswick to purchase 17,000 units of inventory at S14 per unit by December 15, 2018. The seco commitment requires the company to purchase 27,000 units of inventory at $15 per unit by March 15, 201 Brunswick's fiscal year-end is December 31. The company uses a periodic inventory system. Both contrac were exercised on their expiration date. Required: a. Prepare the journal entry to record the December 15 purchase for cash assuming the following alternati unit market prices on that date a. $14.50 b. $13.50 b.Prepare any necessary adjusting entry at December 31, 2018, for the second purchase commitment assuming the following alternative unit market prices on that date: a. $16.50 b. $14.30