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Business, 15.04.2020 23:10 GbTaco

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 $ 72,000 207 72,000 210 75,000 During 2021, each of the three autos sold for $102,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Calculate 2021 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.

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