Required information [The following information applies to the questions displayed below.) At the beginning of November, Yoshi Inc.'s inventory consists of 59 units with a cost per unit of $95. The following transactions occur during the month of November. November 2 Purchase 100 units of inventory on account from Toad Inc. for $100 per unit, terms 2/10, n/30. November 3 Pay cash for freight charges related to the November 2 purchase, $300. November 9 Return 25 defective units from the November 2 purchase and receive credit. November 11 Pay Toad Inc. in full. November 16 Sell 100 units of inventory to customers on account, $13,900. Hint: The cost of units sold from the November 2 purchase includes $100 unit cost plus $4 per unit for freight less $2 per unit for the purchase discount, or $102 per unit.] November 20 Receive full payment from customers related to the sale on November 16. November 21 Purchase 69 units of inventory from Toad Inc. for $105 per unit, terms 1/10, n/30. November 24 Sell 90 units of inventory to customers for cash, $9,000. 2. Suppose by the end of November that the remaining inventory is estimated to have a net realizable value per unit of $80, record any necessary adjustment for the 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.) View transaction list Journal entry worksheet