using LIFO

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 Dat Dit Unit Coas 3155 Total Cont $ 1,360 8 5 10 145 Nogle (1200 ch August 11 Purchase 13 la | Black August 20 urchase 26 Ch ugust 25 Purch 10 135 1,350 10 125 1.210 5,290 For the specific identification method, the August 4 sale consists of rackets from beginning inventory, the Auguste consists of rockets 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. 3. Using LIFO, calculate ending inventory and cost of goods sold at August 31 Encing verdery Cost of good old