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[The following information applies to the questions displayed below) At the beginning of October, Bowser Co's Inventory consists of 54 units with a cost per unit of $46. The following transactions occur during the month of October October 4 Purchase 126 units of inventory on account from Waluigi Co, for $50 per unit, terms 2/10, 1/30 October 5 Pay cash for freight charges related to the October & purchase, 3696 October 9 Return 10 defective units from the October 4 purchase and receive credit, October 12 Pay Waluisico, in full October 15 Sell 156 units of inventory to customers account, $12,480. (Hint: The cost of units sold from the October 4 purchase include550 unit cost plus 56 per unit for freight test 51 per unit for the purchase discount, OF 355 per unit) October 19 Receive u pyet free customer's related to the sale on October 15, October 20 Purchase 16 units of inventory from Waluigi Cofor 566 per unit, teras 1/10, /30. October 22 Sell units of inventory to customers for com, 59,00 (Mote or calculating the cost of Inventory sold, ore the possible purchase discount on October 20) 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 UdL ULCUI UUR HUIUIULUI October 4 Purchase 126 units of inventory on account from Waluigi Co. for $58 per unit, terns 2/10, 1/30 October 5 Pay Cash for freight charges related to the October 4 purchase, $696. October 9 Return 10 defective units from the October 4 purchase and receive credit October 12 Pay Waluigi Co. in full. October 15 Sell 156 units of inventory to customers on account, $12,450. (Hint: The cost of units sold from the October 4 purchase includes 550 unit cost plus $6 per unit for freight loss S1 per unit for the purchase discount, or $55 per unit) October 19 Receive full payment from customer related to the sale on October 15. October 20 Purchase 96 units of inventory from Waluigi Co. for $66 per unit, teras 1/10, 1/30 October 22 5el1 96 units of inventory to customers for calls $7,650, (Note: for calculating the cost of inventory sold, ignore the possible purchase discount on October 20.) 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 Not Sales Cost of Goods Sold 20.160 14.710