Required information Problem 6-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO6-2, 6-3,6-4, 6-5, 6-6) The following information applies to the questions displayed below. At the beginning of October, Bowser Co.'s 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 unit" of inventory on account fron waluigi co. for sso per unit, terma 2/10, n/3 October 5 Pay canh for freight charges related to the October 4 purchase, $600 october 9 Return 10 defective unite from the October 4 purchase and receive credit October 12 Pay Waluigi Co. in full october 15 Sel1 160 units of inventory to customers on account, $12,800. (Rints 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 custoners related to the sale on October 15. October 20 Purchase 100 units of inventory from Waluigi Co. for $70 per unit, terns 2/10, n/30. october 22 Sell 100 units of inventory to customers for cash, $8,000