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 Units Unit Cost Total Cost

August $1$ Beginning inventory $8$ $ $158$ $ $1,264$

August $4$ Sale $($$$215$ each$)5$

August $11$ Purchase $101481,480$

August $13$ Sale $($$$230$ each$)8$

August $20$ Purchase $101381,380$

August $26$ Sale $($$$240$ each$)11$

August $29$ Purchase $101281,280$

$ $5,404$

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.

Required:

$1.$ Calculate ending inventory and cost of goods sold at August $31,$ using the specific identification method