check mm Required information Problem 6-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO6-2, 6-3,6-4, 6-5, 6-6) [The following information applies to the questions displayed below At the beginning of October Bowser Co's inventory consists of 50 units with a cost per unit of $50. The following transactions occur during the month of October october 4 Purchase 130 units of inventory on account from Waluigi co. for $50 per unit, terma 2/10, n/30. October 5 Pay cash for freight charges related to the october 4 purchase, $600. october 9 Return 10 defective units from the Oetober 4 purchase and receive credit. October 12 Pay Waluigi Co. in full October 15 Sei1 160 units of inventory to customers on account, $12, 800. (Hintr The cost of units sold from the Oetober 4 purchase includes $50 unit cost plus $5 per unit for freight less $1 per unit for the purchase discount, or $54 per unit.) october 19 Receive full payment from customere related to the sale on october 15. October 20 Purchase 100 units of inventory from Waluigi Co. for $70 per unit, terms 2/10, /30. Oetober 22 Se11 100 units of inventory to customers for cash, $8,000