In November 2018, the Brunswick Company signed two purchase commitments. The first commitment requires Brunswick to purchase 11,000 units of inventory at $8 per unit by December 15, 2018. The second commitment requires the company to purchase 21,000 units of inventory at $9 per unit by March 15, 2019. Brunswick's fiscal year-end is December 31. The company uses a periodic inventory system. Both contracts were exercised on their expiration date.

2.Do any necessary adjusting entry at December 31, 2018, for the second purchase commitment assuming the following alternative unit market prices on that date:

1. $10.50
2. $8.30