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At the beginning of October, Bowser Company's inventory consists of 6 9 units with a cost per unit of $ 3 1 . The following
At the beginning of October, Bowser Company's inventory consists of units with a cost per unit of $ The following transactions occur during the month of October. October Purchase units of inventory on account from Waluigi Company for $ per unit, terms October Pay cash for freight charges related to the October purchase, $ October Return defective units from the October purchase and receive credit. October Pay Waluigi Company in full. October Sell units of inventory to customers on account, $Hint: The cost of units sold from the October purchase includes $ unit cost plus $ per unit for freight less $ per unit for the purchase discount, or $ per unit. october Receive full payment from customers related to the sale on october Required: Assuming Bowser Company uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. Complete this question by entering your answers in the tabs below. Assuming Bowser Company uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. Note: If no entry is required for a transactionevent select No Journal Entry Required" in the first account field. Journal entry worksheet Record return defective units from the October purchase and receive credit.
At the beginning of October, Bowser Company's inventory consists of units with a cost per unit of $ The following transactions
occur during the month of October.
October Purchase units of inventory on account from Waluigi Company for $ per unit, terms
October Pay cash for freight charges related to the October purchase, $
October Return defective units from the October purchase and receive credit.
October Pay Waluigi Company in full.
October Sell units of inventory to customers on account, $Hint: The cost of units sold from the October purchase
includes $ unit cost plus $ per unit for freight less $ per unit for the purchase discount, or $ per unit.
october Receive full payment from customers related to the sale on october
Required:
Assuming Bowser Company uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions.
Complete this question by entering your answers in the tabs below.
Assuming Bowser Company uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions.
Note: If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record return defective units from the October purchase and receive
credit.
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