Question: i did part 1-3 on this one question need help on 4 and 5 please and thank u Pete's Tennis Shop has the following transactions

i did part 1-3 on this one question need help on 4 and 5 please and thank u
i did part 1-3 on this one question need help on 4
and 5 please and thank u 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 $140
Total Cost $ 1,120 Transactions Beginning inventory Sale ($125 each) Purchase Sale

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 $140 Total Cost $ 1,120 Transactions Beginning inventory Sale ($125 each) Purchase Sale ($140 each) Purchase Sale ($150 each) Purchase Date August 1 August August 11 August 13 August 20 August 26 August 29 Units 8 5 10 B 10 130 1,300 120 1.200 10 110 1.100 4,720 bok 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 rences Problem 6-2B Part 1 Required: 1. Calculate ending inventory and cost of goods sold at August 31, using the specific identification method. Ending inventory Cost of goods sold 1.640 3080 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 16 Units Unit Cost $140 Total Cost $ 1,120 8 August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Beginning inventory Sale ($125 each) Purchase Sale (5140 each) Purchase Sale ($150 each) Purchase 130 1,300 5 10 8 10 11 10 120 1,200 110 Dok 1,200 4,720 $ vnt rences 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. Problem 6-2B Part 2 2. Using FIFO, calculate ending inventory and cost of goods sold Bt August 31, Ending inventory Cost of goods sold $ $ 1,580 3.140 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 Units art 3 of 6 Unit Cost $140 Total Cost $ 1,120 August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Beginning inventory Sale ($125 each) Purchase Sale ($140 each) Purchase Sale ($150 each) Purchase 130 1,300 93 bints 5 10 8 10 11 10 120 1,200 110 1.100 4,720 Book Print References 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. Problem 6-2B Part 3 3. Using LIFO, calculate ending inventory and cost of goods sold at August 31 $ 1.900 Ending inventory Cost of goods sold $ 2.620 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 Units B Unit Cost $140 Total Cost 1,120 Transactions Beginning inventory Sale ($125 each) Purchase Sale ($140 each) Purchase Sale ($150 each) Purchase August 1 August 4 August 11 August 13 August 20 August 26 August 29 130 1,300 5 10 8 10 11 10 120 1,200 110 1,100 4,720 5 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. Problem 6-2B Part 4 4. Using weighted average cost, calculate ending inventory and cost of goods sold at August 31 (Round your intermediate and final onswers to 2 decimal places.) Ending inventory Cost of goods sold Date Units Unit Cost Total Cost 8 $140 $ 1,120 August 1 August 4 August 11 August 13 August 20 August 26 August 29 Transactions Beginning inventory Sale ($125 each) Purchase Sale ($140 each) Purchase Sale ($150 each) Purchase 130 1,300 5 10 8 10 11 10 120 1,200 110 1,100 4,720 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. Problem 6-2B Part 5 5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal places.) Specific Identification FIFO LIFO Weighted average cost Sales revenue Cost of goods sold Gross profit

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