# of August. Pete?s Tennis Shop uses a periodic inventory systemDateTransactionsUnitsCost perUnitTotal CostAugust 1Beginning inventory8 \$144 \$1,152?August 4Sale (\$145 each)5?August 11Purchase10 134 1,340?August 13Sale (\$160 each)8?August 20Purchase10 124 1,240?August 26Sale (\$170 each)11?August 29Purchase11 114 1,254?\$4,986?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.1. Calculate ending inventory and cost of goods sold at August 31, using the specific identification method.2. Using FIFO, calculate ending inventory and cost of goods sold at August 31.?3. Using LIFO, calculate ending inventory and cost of goods sold at August 31.?4. Using weighted-average cost, calculate ending inventory and cost of goods sold at August 31.5. Calculate sales revenue and gross profit under each of the four methods.Solution details:STATUS Answered QUALITY Approved ANSWER RATING This question was answered on: Apr 19, 2020 PRICE: \$15 Solution~000.zip (25.37 KB) Buy this answer for only: \$15 This attachment is locked × Please Enter The Email Where You Want To Receive Solution. Get this solution for only: \$

STATUS

QUALITY

Approved

Apr 19, 2020

EXPERT

Tutor

#### YES, THIS IS LEGAL

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

• As a reference for in-depth understanding of the subject.
• As a source of ideas / reasoning for your own research (if properly referenced)
• For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

### Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.