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 Transaction cont Totalcoat Rugust 1 Teginning inventory $150 1,200 kogust 4 Bale (175 each) 5 Mogot 11 Purchase 10 August 13 Sale (6190 sach) . August 20 Purchase 10 1,300 agost 26 Sale (1200 each) 11 August 29 Purchase 12 120 Date $ 140 1.400 130 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 6-2B Part 5 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.) MacBook Air $ 4 % 5 & 7 8 9 6 2 0 3 E P Y R U S D F G H X c V B N M For the specie dentication 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 6-2B Part 5 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places.) Speeli Identification FIFO LIFO Weighted average cost Sales revenue Gross proth MacBook $ 3 2 5 7 6 9 8 W E R T Y 4. S D F G H K Z N X C V . N M comma command