Romano Company had the following credit purchases and credit sales during January 2022: Sales Unit Selling Price Unit 2022 Jan 1 3 4 10 16 19 Purchases Units Unit Cost 100 $50 60 $60 70 $100 Beginning inventory Purchase Sales Purchase Sales Purchase Sale 200 $70 80 $110 40 $80 25 130 $110 6 marks) Required: (a) Assuming the company adopts the perpetual inventory system. Compute the amount of cost of goods sold for January 2022 and the value of ending inventory on 31 January 2022 using FIFO basis of inventory valuation. (b) Assuming the company adopts the perpetual inventory system and the LIFO basis of inventory valuation. Prepare journal entry to record the sales on 4 January 2022. (c) Assuming the company adopts the periodic inventory system. Compute the amount of cost of goods sold for January 2022 and the value of ending inventory on 31 January 2022 using weighted average basis of inventory valuation. (d) Based on (a) above, calculate the amounts of sales and gross profit for the month of January 2022. (e) What factors will you consider in choosing between the perpetual and periodic inventory systems? (4 mars