[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. inventory Total Cost $ 1,216 Date Transactions Units Unit Cost August 1 Beginning 8 $152 August 41 Sale ($185 each) 5 August 11 Purchase 10 142 1,420 August 13 Sale ($200 each) 8 August 201 Purchase 10 132 1,320 August 26 August 29 Sale ($210 each) Purchase 11 10 122 1,220 5,176 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. Required: 1. Calculate ending inventory and cost of goods sold at August 31, using the specific identification method. Ending inventory Cost of goods sold