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6-6b just asnwer this that is stated journel entry At the beginning of October, Bowser Company's inventory consists of 52 units with a cost per

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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 occur during the month of October. october 4 Purchane 12e units of inventory on account from Haluigh conpany for $50 per unit, terns 2/10, h/30. Oetobey 5 pay eash for frelght charges related to the betober 4 purehase, $926. October 9 Return 10 defective units from the october 4 purchase and receipt of oredit. oetober 12 Pay Naluigi conpany in full. octobet 15 sel2 158 unita of inventory to custoners on account, $12,640.(N. ( int the cost of units sold from the October 4 purchase includes $50 unit cst plus $7 per unit for freight less $1 per unit for the purchase alicount, or $56 per unit.) oetober 29 Receive full payment fron cuntomera related to the wale on october 15 . Oetober 20 Purchane 98 units of inventory froe Kaluigi company for $68 per unit. Dotober 225sel19b units of inventory to cuntohern for canh, $7,840. Required: 1. Assuming that Bowser Company uses a FIFO 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. 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. (If no entry is required for a transaction/event, seiect "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record any necessary adjusting entry for lower of cost and net realizable value. Note: Enter debits before credits

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