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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

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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 Cost per Unit Date August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Units Total Cost Beginning inventory Sale ($150 each) Purchase Sale ($165 each) Purchase Sale ($175 each) Purchase $145 S 1,160 1,350 1,250 1,380 $ 5.140 10 8 10 135 125 115 12 For the specific identification method, the August 4 sale consists of rackets from beginning inventory, the August 13 sale conslsts 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 methood Ending inventory Cost of goods sold

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