Required information The following information applies to the questions displayed below) At the beginning of October, Bowser Cos 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 walutat Co. for $50 per unit, teres 2/10, 1/30. October 5 Pay cash for freight charges related to the October 4 purchase, $600 October 9 Return 10 defective units from the October 4 purchase and receive credit October 12 Pay Waluit Co. in full October 15 Sell 160 units of inventory to customers on account, $12,00. (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 100 units of inventory from Waluigi Co. for $70 per unit, teres 2/10, 1/30 October 22 Sell 100 units of Inventory to customers for cash, $8,000. (Moto: For calculating the cost of inventory sold, anore the possible purchase discount on October 20.) 2. Suppose by the end of October that the remaining Inventory is estimated to have a net realizable value per unit of $35. Record any necessary adjustment for lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) 2. Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $35. Record any necessary adjustment for lower of cost and net realizable value of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet