The first commitment requires Brunswick to purchase $13,000$ units of inventory at $$10$ per unit by December $15,2024.$ The second commitment requires the company to purchase $23,000$ units of inventory at $$11$ per unit by March $15,2025.$ Brunswick$$s fiscal year$-$end is December $31.$ The company uses a periodic inventory system. Both contracts were exercised on their expiration date.

Required:

Prepare the journal entry to record the December $15$ purchase for cash assuming the following alternative unit market prices on that date:

$$10\mathrm{.}50$

$$9\mathrm{.}50$

Prepare any necessary adjusting entry at December $31,2024,$ for the second purchase commitment assuming the following alternative unit market prices on that date:

$$12\mathrm{.}50$

$$10\mathrm{.}30$

Assuming that the unit market price on December $31,2024,$ was $$10\mathrm{.}30,$ prepare the journal entry to record the purchase on March $15,2025,$ assuming the following alternative unit market prices on that date:

$$11\mathrm{.}50$

$$10\mathrm{.}00$