Question 3. (10 marks) The following information relates to the one typy of inventory of Toy Ltd during the month of May 2022. Ignore GST Units Units cost (5) Total cost (5) 1/5 Beginning inventory 2,520 33 83,160 10/5 Purchase 1,800 34.8 67,640 15/5 Purchase 1,080 36.6- 39.528 23/5 Purchase 1,800 20 70,200 Totals 7.200 $255,528 Toy Ltd has adopted the Periodic Inventory System. A physical count on 31 May verified that 2160 units of the type of inventory were on hand Required: a) Determine the Ending inventory and Cost of Sales for the month of May, using the rio costing method. (6 marks) b) Discuss at least 4 differences between Perpetual and Periodic wentery wystems Your compare should be based on aspects such as recording keeping, internal control, and of perd rooms and business opportunity et 14 marks ANSWER