Saved Help Save & Exit Check my Required information [The following information applies to the questions displayed below.] At the beginning of October, Bowser Co.'s inventory consists of 62 units with a cost per unit of $38. The following transactions occur during the month of October October 4 Purchase 118 units of inventory on account from Waluigi Co. for $50 per unit, termo 2/10, 1/30. October 5 Pay cash for freight charges related to the October 4 purchase, $588. October 9 Return 20 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 148 units of inventory to customers on account, $11,840. (Hint: The cost of units sold from the October 4 purchase includes $50 unit cont plus $6 per unit for freight loss $1 per unit for the purchase discount, or 555 per unit.) October 19 Receive full payment from customer related to the sale on October 15. October 20 Purchase 88 units of inventory from Waluigi Co. for $58 per unit, terma 1/10, 1/30. October 22 Sell 88 units of inventory to customers for cash, $7,040. (Note: Por calculating the cont of inventory sold, ignore the possible purchase discount on October 20.) Required: 1. Assuming that Bowser Co. uses a FIFO perpetual inventory system to maintain its inventory records, record the transactions. (lf entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Check my wou Required: 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 6 10 A Record the cost of Inventory sold. Noter Enter debits before credits Dobit Credit Dato General Journal October 22 Cost of Goods Sold Inventory Prey 1 of 2 Next