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Required information The following information applies to the questions displayed below) Pete 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 $ Total Cost 1,128 August 1 August 4 August 11 August 1 August 20 August 26 August 29 Transaction tegning Inventory Sale (5130 each) Purchase Sale $145 each) Purchase Sale ($155 each) Purchase 1,310 1.210 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. 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places) Specific Identification FIFOLIO Welated average cost Sales revenue Gross profil Required information The following information applies to the questions displayed below) Pete 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 $ Total Cost 1,128 August 1 August 4 August 11 August 1 August 20 August 26 August 29 Transaction tegning Inventory Sale (5130 each) Purchase Sale $145 each) Purchase Sale ($155 each) Purchase 1,310 1.210 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. 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places) Specific Identification FIFOLIO Welated average cost Sales revenue Gross profil