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of 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

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of 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 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. Unit Coat 00:16:36 Date August 1 Unita B Total cost $ 1,152 5 10 134 1,340 Transaction Beginning Inventory Sale (5145 each) Purchase Sale ($160 each) Purchase Sale ($170 each) Purchase August 4 August 11 August 13 August 20 August 26 August 29 Book 10 124 1.240 11 Print 1.254 ferences 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. 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 Cost of goods sold

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