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em Required information Problem 6-2B Calculate ending Inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 6-4, 6-5) (The
em Required information Problem 6-2B Calculate ending Inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (L06-3, 6-4, 6-5) (The following formation 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 59 Unit Cost $150 Tata con $ 1200 Data Yransactions A 1 Beginning inventory August Sale ($175 each) Alpst 11 Parchase ut 13 S (5190 each August Purchase August 26 ble ($200 each) August Purchase Units 8 5 10 140 1,400 1. 10 11 12 120 5 1.440 5.140 For the specific identication 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 25 sale consists of one racket from beginning inventory and 10 rackets from the August 20 purchase. Problem 6-2B Part 1 Required: 1. Calculate ending inventory and cost of goods sold at August 31, using the specific identification method. Ending inventory of goods and 10 rackets from the August 20 puro Problem 6-2B Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold at August 31. Ending inventory Cost of goods sold se to search For the specific identification method, the August 4 sale co consists of rackets from the August 11 purchase, and the August 26 sale con and 10 rackets from the August 20 purchase. Problem 6-2B Part 3 3. Using LIFO, calculate ending inventory and cost of goods sold at August 31. Ending inventory Cost of goods sold Problem 6-2B Part 4 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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