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 69 units with a cost per unit of $31. The following transactions occur during the month of October October 4 Purchase 111 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, $430. October 9 Return 25 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full October 15 Sell 141 units of Inventory to customers on account, $11,200. (Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus 55 per unit for freight loss 51 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 61 units of Inventory from Walulgi co for $51 per unit, terns 2/10, 1/30. October 22 sell B1 units of Inventory to customers for cash, 56,460. (Note: Por calculating the cost of Inventory sold, ignore the possible purchase discount on October 20.) Problem 6-6A Part 1 Required: 1. Assuming that Bowser Co uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 7 6 8 9 10 of 10