Phoenix Ltd's sells silk scarFs. It uses the Periodic Inventorijlr System and prepares nancial statements at the end of each month. The following information is provided in relation to its inventoryr at the beginning of the month November 2321 and all purchases during the month. Ignore GET. Beginning inventor-1:r Purchase Purchase Purchase A phvsical count at the end of the month veried that 1,20!) scarFs were on hand