Question:"Consider'the following'information'related to the inventory' of "Mini-minors", kids" apparel brand for the month'of'Mar"2022:" 01.'Opening'balance.800'units'@.\$8.each." 02.Purchase:2000'units*@.\$10each* 03. Sales*1400'units.@.\$24'each.. 04.'Purchases:2400'units'@.\$12each'. 05.'Sales'2000'units'@.\$24'each.. 06.Purchase'1600'units*@.\$14'each* . 07.'Sale'1000'units'@.\$24'each' Requirements: , A. Calculation based . a). Enter'the'above'transactions' in'the 'books' of'accounts'under'the'periodic'system'of' accounting. b). 'Calculate'the'cost'of'inventory'using'FIFO, LIFO, and weighted average'methods. B. Discussion'based'(Please'use/'refer'examples' in'your'explanation) ' 1. Why'do'companies'keep'inventory?* 2. When'a'product 'is'sold, 'what'happens'to'the'cost'of'inventory'associated with the ' product? 3. Why'would'a'manager' choose'one'method'of'inventory'over'the'other?" What are" the'benefits'of'each'inventory'method?' 4. Why'is'price'inflation' important'to'consider'in' choosing'an'inventory'method?' 5. Based'on'your'calculations, "what "would'you'recommend'to" Mini-minor". management'in'terms of 'inventory'management