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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 ID

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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 ID number. At the beginning of 2021, Carlson had three cars in inventory, as follows: Ca r ID Cost 203 $50. 000 207 60, 000 210 53 , 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: Car In Cost Selling Price 211 $63,000 :5 90,000 212 63 , 000 93 , 000 213 64,500 not sold 214 66, 000 96, 000 215 69, 000 100, 500 216 70,500 not sold 213r 72,000 105,000 218 72,300 106,500 219 75,000 not sold 2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system. Ending imam _ Cost of goods sold

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