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Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique
Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2021, Carlson had three cars in inventory, as follows: Car ID 203 Cost $60,000 207 210 60,000 63,000 During 2021, each of the three autos sold for $90,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Cost $63,000 Selling Price $ 90,000 93,000 not sold Car ID 211 212 63,000 213 64,500 214 66,000 215 69,000 216 70,500 not sold 217 72,000 218 72,300 105,000 106,500 219 75,000 not sold. 96,000 100,500
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