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 Total Cost Unit Cost $143 Beginning inventory August 1 8 1,144 August 4 Sale ($140 each) 5 August 11 Purchase 10 133 1,330 August 13 Sale ($155 each) 8 August 20 Purchase 10 123 1,230 August 26 Sale ($165 each) 11 August 29 Purchase 10 113 1,130 4,834 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 FIFO LIFO Weighted. average cost Sales revenue Gross profit $