1- Harpo's Used Cars uses the specific identification method of costing inventory. During March, Harpo purchased three cars for $12,000, $14,400, and $19,200, respectively. During March, two cars are sold for a total of $36,400. Harpo determines that at March 31, the $14,400 car is still on hand. What is Harpos cost of goods sold for March?

2- The following information is available for Clancy Company: Beginning inventory 600 units at $4; First purchase 900 units at $6; Second purchase 500 units at $7. Assume that Clancy uses a periodic inventory system and that there are 760 units left at the end of the month. Wha is the cost of goods sold under LIFO method.