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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

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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 Transactions it cost Total Cost August Beginning Inventory 8 $145 $ Sale ($150 each) 5 Date 1,160 135 August 4 August 11 August 19 August 20 August 26 August 29 Purchase Sale (5165 each) Purchase Sale (5175 each) Purchase 10 8 10 11 12 125 115 1.30 5,140

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