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At the beginning of October, Bowser Company's inventory consists of 52 units with a cost per unit of $48. The following transactions occut during the month of October. Oetober 4 Purchase 128 units of inventory on account from Waluigi company for $50 per unit, terms 2/10, n/30. October 5 Pay eanh for freight chargen related to the october 4 purchase, $826. october 9 Return 10 defective unita from the October 4 purchase and receipt of credit. Oetober 12 Pay Walaigi Company in full. October 15 sel1 158 uniti of inventory to customern on socount, $12,640. (Aint: The cost of units sold from the Oetober 4 parchase includes $50 unit cost plus $7 per unit for freight lean $1 per unit for the purchase discount, or $56 per unit. Octaber 19 heceive full payment from cuntomers related to the sale on october 15 . October 20 Purchase 98 unit of inventory from Waluigi coopany for 568 per unit. Octaber 22.5ell9d unita of inventory to cuntomera for canh, 57,840 . Required: 1. Assuming that Bowser Company uses a FFFO perpetual inventory system to maintain its inventory records, record the transactions. 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 adjusting entry for lower of cost and net realizable value. 3. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjusting entry for lower of cost and net realizable value. Complete this question by entering your answers in the tabs below. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjusting entry for lower of cost and net realizable value