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Required Information {The following information applies to the questions displayed below.) Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete's Tennis Shop uses a periodic inventory system. Units Unit Cost Total cost 8 $251 $ 1,208 Date August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Beginning inventory Sale ($180 each) Purchase Sale ($195 each) Purchase Sale ($205 each) Purchase 141 1,410 5 10 8 10 11 11 131 1,310 121 1,331 5,259 $ For the specific Identification method, the August 4 sale consists of rackets from beginning inventory, the August 13 sale consists of rackets from the August 11 purchase, and the August 26 sale consists of one racket from beginning inventory and 10 rackets from the August 20 purchase. 2. Using FIFO, calculate ending inventory and cost of goods sold at August 31. Ending Inventory Cost of goods sold O Required information The following information applies to the questions displayed below) Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete's Tennis Shop uses a periodic Inventory system Date Transactions Unita Unit cost Total Cont Beginning August 1 B $152 $ Inventory 1,208 August 4 Sale ($180 each) August 11 Purchase 141 1,410 August 13 Bale ($199 each) August 20 10 131 1.310 August 26 Sale ($ 205 each) 11 August 29 Purchase 1,331 5,259 5 10 Purchase 11 121 For the specific Identification method, the August 4 sale consists of rackets from beginning inventory, the August 13 sale consists of rackets from the August 11 purchase, and the August 26 sale consists of one racket from beginning inventory and 10 rackets from the August 20 purchase. 3. Using LIFO, calculate ending Inventory and cost of goods sold at August 31, Ending inventory Cost of gooxts sold Required information [The following information applies to the questions displayed below.) Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete's Tennis Shop uses a periodic Inventory system. Date Unita Unit Cont $151 Total Cont $ 1.200 8 Transactions Beginning inventory Sale ($180 each) Purchase Sale ($195 each) Purchase Sale ($205 each) Purchase 141 August 1 August 4 August 11 August 13 August 20 August 26 August 29 1,410 5 10 8 10 11 11 132 1,310 121 1,331 5,259 $ For the specific identification method, the August 4 sale consists of rackets from beginning inventory, the August 13 sale consists of rackets from the August 11 purchase, and the August 26 sale consists of one racket from beginning inventory and 10 rackets from the August 20 purchase. 4. Using weighted average cost, calculate ending Inventory and cost of goods sold at August 31. (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold

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