$3 Trung Nguyen Legend Caf has the following information in regard to its Coffee Beans Bags for March 2021. Trung Nguyen uses Periodic Inventory System to control its inventory Date Descriptions # of units Cost per unit (S) (bags) 01/03/2021 Beginning inventory 200 S2 05/03/2021 Purchased 300 $2.5 12/03/2021 Purchased 250 20/03/2021 Sold (260 bags at S5/bag) 260 25/03/2021 Purchased 240 $3.5 30/03/2021 Sold (250 bags at $5/bag) 250 Required: 1) Calculate the cost of goods sold and ending inventory for period of March 2021 using FIFO method. (10 marks) 2) Calculate the cost of goods sold and ending inventory for period of March 2021 using LIFO method. (10 marks) 3) How can the company be beneficial from using different inventory costing methods? (10 marks)