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 Cost

203 $ 54,000

207 54,000

210 57,000

During 2021, each of the three autos sold for $84,000. Additional purchases (listed in chronological order) and sales for the year were as follows:

Car ID Cost Selling Price

211 $ 54,000 $ 84,000

212 54,000 87,000

213 55,500 not sold

214 57,000 90,000

215 60,000 94,500

216 61,500 not sold

217 63,000 99,000

218 63,300 100,500

219 66,000 not sold

Required: 1. Calculate 2021 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.

	Specific Identification
Ending inventory
Cost of goods sold