Q3- Q3 A company that uses a perpetual inventory system made the following cash purchases and sales. There was no beginning inventory (2 Marks). January 1: Purchased 100 units at SAR 10 per unit February 5: Purchased 60 units at SAR 12 per unit March 16: Sold 40 Units for SAR 16 per unit Prepare general journal entries to record the March 16 sale using the . FIFO inventory valuation method. . LIFO inventory valuation method