Required information Problem 6-2B Calculate ending inventory, cost of goods sold, sales revenue, and gross profit for four inventory methods (LO6-3, 6-4, 6-5) [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 Cost Date Transactions Units Total Cost Beginning inventory Sale ($215 each) Purchase Sale ($230 each) Purchase Sale ($240 each) Purchase August 1 8 $158 $ 1,264 August 4 August11 10 148 1,480 August13 8 August20 10 138 1,380 August26 11 August29 10 128 1,280 $ 5,404

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