At the beginning of October, Bowser Co's inventory consists of 67 units with a cost per unit of $33. The following transactions occur during the month of October October 4 Purchase 113 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. October 5 Pay cash for freight charges related to the October 4 purchase. $651. October 9 Return 20 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 143 units of inventory to customers on account, $11.440.[ Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $7 per unit for freightless $1 per unit for the purchase discount, or $56 per unit) October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 83 units of inventory from Waluigi Co. for $53 per unit, terms 3/10,n/30. October 22 Sell 83 units of inventory to customers for cash, $6,640. 2. Suppose by the end of October that the remaining inventory is estimated to have a net realizable value value per unit of $29. Record any necessary adjustment 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.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 October 31 Cost of goods sold Inventory 3. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjustment for lower of cost and net realizable value. BOWSER CO. Multiple-step Income Statement (partial) For the month of October Net sales Cost of good sold Accounts payable Gross profit