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 Date Units Unit Cost $158 Total Cost $ 1.264 8 August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Beginning inventory Sole (5215 each) Purchase Sale (5230 each Purchase Sale $240 each Purchase 10 148 1,450 1380 10 128 1280 5,404 For the specific identification method the August 4Sale 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 6-2B Part 4 4. Using weighted average cost calculate ending inventory and cost of goods sold at August 31 (Round your intermediate and final answers to 2 decimal places.) Ending inventory Cost of goods sold Journal entry worksheet Record the LIFO adjustment. Note: Enter debits before credits Date General Journal August 31 Debit Credit Record entry Clear entry View general journal