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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:

Car ID	Cost
203	$	105,000
207		105,000
210		108,000

During 2021, each of the three autos sold for $135,000. Additional purchases (listed in chronological order) and sales for the year were as follows:

Car ID	Cost			Selling Price
211	$	105,000		$	135,000
212		105,000			138,000
213		106,500		not sold
214		108,000			141,000
215		111,000			145,500
216		109,500		not sold
217		114,000			150,000
218		111,300			151,500
219		117,000		not sold

2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system.

FIFO Periodic Ending inventory Cost of goods sold