O 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 (L06-2, 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 53 units with a cost per unit of $47. The following transactions occur during the month of October October 4 Purchase 127 units of inventory on account from Waluigi Co. for $50 per unit, terus 2/10, n/30. October 5 Pay cash for freight charges related to the October 4 purchase, $585. October 9 Return 10 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 157 units of inventory to customers on account, $12,560. (Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus 55 per unit for freight less $1 per unit for the purchase discount, or $54 per unit.) October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 97 units of inventory from Waluigi Co. for $67 per unit, terns 2/10, n/30. October 22 Sell 97 units of inventory to customers for cash, $7,760 (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October 20.) Problem 6-6A Part 2 2. Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $35. Recordar necessary adjustment for lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No loven Entry Required" in the first account field 3 View transaction list Journal entry worksheet