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. Units Unit Cost Total Cost Transactions Date $154 1,232 August 1 Beginning inventory August 4 Sale ($195 each) August 11 Purchase August 13 Sale ($210 each) August 20 Purchase August 26 Sale ($220 cach August 29 Purchase 144 10 1,440 10 134 1,340 124 1,364 $ 5,376 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 6-28 Part 3 3. Using LIFO, calculate ending inventory and cost of goods sold at August 31. Answer is complete but not entirely correct. Ending inventory S 1,970 [cost of goods sold S 3406 Problem 6-28 Part 4 average cost,calculate ending inventory and cost of goods sold at August 31.(Round your intermediate and final answers to 2 decimal places.) O Answer is complete but not entirely correct. Ending inventory Cost of goods sold 1.91641 3,459.59 ook Problem 6-28 Part5 nces 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.) LIFO Weighted- FIFO Identification average cost Sales revenue Gross profit