At the beginning of October, Bowser Company's inventory consists of 56 units with a cost per...

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At the beginning of October, Bowser Company'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 Company for $50 per unit, terms 2/10. "/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 12 Pay Waluigi Company in full. October 15 Sell 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. Required: Assuming Bowser Company uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. At the beginning of October, Bowser Company'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 Company for $50 per unit, terms 2/10. "/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 12 Pay Waluigi Company in full. October 15 Sell 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. Required: Assuming Bowser Company uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions.