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. Octobet 4 Purchase 128 units of inventory on account from Waluigi Company for $50 per unit, terms 2/10, n/30. Oetober 5 Pay cash tor freight eharges related to the october 4 purehane, $826. October 9 Return 10 defective uniti fron the october 4 purchase and receipt of eredit. October 12 Pay Waluigi Conpany in full. October 15 Sel1 158 unita of inventory to customerm on account, $12,640. (Rint; The cost of units mold from the Oetober 4 purchase includes $50 unit cost plus $7 per unit for freight less $1 per unit for the purohase discount. or $56 per unit.) October 19 Receive full payment from customern related to the sale on october 15. October 20 Purehase 98 unita of inventory from Waluigi Company for $68 per unit. Oetober 22sel19s unite of inventory to cultomera for canh, 57, B40. 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, select "No Journal. Entry Required" in the first account field.) Journal entry worksheet Record any necessary adjusting entry for lower of cost and net realizable value. Nine: finder dotata before credits