TUTTI LUNIUI. (6 marks) Part C Buntal Enterprise reports the following information for the month of March 2020. Date Description 1 Beginning inventory 10 Purchase 12 Sales 18 Purchase 25 Sales 26 Purchase 30 Sales Units 100 260 220 180 200 100 150 Unit Cost or Selling Price (RM) 1.00 1.50 4.00 1.50 4.00 1.60 4.00 Required: a) Compute the ending inventory, cost of goods sold and gross profit under perpetual inventory system using FIFO method. (5 marks) b) Compute the ending inventory, cost of goods sold and gross profit under periodic inventory system using FIFO method. (4 marks) [Total 25 marks) Continued... MI/MAM 3/6