Required Information [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 Transactions Beginning Units Unit Cost Total Cost August 1 8 00 $142 $ inventory 1,136 August 4 August 11 Sale ($135 each) Purchase 5 10 132 1,320 August 13 Sale ($150 each) 8 August 20 Purchase 10 122 1,220 August 26 August 29 Sale ($160 each) Purchase 11 12 112 1,344 $ 5,020 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.