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

Medicare is one of the health insurances provided by the federal health insurance programs especially for elderly people who are 65 years old and above, young people with disabilities, and people affected with end-stage renal disease. The Medicare progra…