Required information [The following information applies to the questions displayed below.) At the beginning of October, Bowser Co.'s inventory consists of 56 units with a cost per unit of $44. The following transactions occur during the month of October October 4 Purchase 124 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, $570. October 9 Return 10 defective units from the October 4 purchase and receive credit. October 15 Sett 154 units of inventory to customers on account, $12,320. (Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $5 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 94 units of inventory from Waluigi Co. for $64 per unit, terms 2/10, n/30. October 22 Sell 94 units of inventory to customers for cash, $7,520. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October 20.) 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 5 6 8 9 10 Record the cost of inventory sold. Note: Enter debits before credits Debit Credit Date General Journal October 22 Cost of Goods Sold Inventory Record entry Clear entry View general Journal