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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. Unit Coat $151 Total Cont $ 1,208 Date August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Beginning inventory Sale $180 each) Purchase Sale ($195 each) Purchase Sale ($205 each) Purchase Units B 5 10 B 10 11 11 141 1,410 131 1,310 121 1,331 5,259 $ For the specific Identification naethod, 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

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