Check my Required information Problem 6-6B 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 November, Yoshi Incis inventory consists of 68 units with a cost per unit of $95. The following transactions occur during the month of November November 2 Purchase B0 units of inventory on account from Toad Inc. for $100 per unit, terns 2 November 3 Pay cash for freight charges related to the November 2 purchase, $240. 2/10, n/30. November 9 Return 20 defective units from the November 2 purchase and receive credit. November 11 Pay Toad Inc. in full. November 16 Seil 100 units of inventory to customers on account, $12,200. (Hint: The cost of units sold from the November 2 purchase includes $100 unit cost plus $4 per unit for freight loss $2 per unit for the purchase discount, or $102 per unit. I November 20 Receive full payment from customers related to the sale on November 16. November 21 Purchase 52 units of inventory from Toad Inc. for $105 per unit, terms 1/10, n/30. November 24 Sell 65 units of inventory to customers for cash, $7,300. (Note: Por calculating the cost of inventory sold, ignore the possible purchase discount on November 20.) oblem 6-6B Part 2 Suppose by the end of November that the remaining inventory is estimated to have a net realizable value per unit of $80, record necessary adjustment for the lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No urnal Entry Required" in the first account field.) S H: 16 15 of 16 Next >