Part IV-CLO:3, (10 Marks) Q.No. 4 The beginning inventory of Beta Company consisted of 100 units @ $60 each. The following transactions occurred during the month of March 2013. Mar. 05: Purchased 300 units @ $60 each on cash. Mar: 28: Sold 250 units @ $100 each on account. On March 31, 2013, 140 units were found by a physical count/inventory shrinkage. The Ending inventory of Beta Company consist of 150 units @$60. Required: Make Journal Entries and Cost of goods sold CGS for the month of March assuming the Beta company uses: a) Perpetual inventory system. b) Periodic inventory system