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 Units Unit cost Total cost August 1 Beginning Inventory $143 $ 1,144 August 4 sale (5140 each) August 11 1,330 August 13 Sale (5155 each) August 20 Purchase 1,230 August 26 Sale (5165 each) August 29 Purchase 113 1.130 Purchase 5 10 133 123 1e 11 10 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 rocket from beginning inventory and 10 rackets from the August 20 purchase 3. Using LIFO calculate ending inventory and cost of goods sold at August 31 Ending inventory Cool of goods sold