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 2013, Carlson had three cars in inventory, as follows:

Car ID	Cost
203	$	66,000
207		66,000
210		69,000

During 2013, each of the three autos sold for $96,000. Additional purchases (listed in chronological order) and sales for the year were as follows:

Car ID	Cost			Selling Price
211	$	66,000		$	96,000
212		66,000			99,000
213		67,500			not sold
214		69,000			102,000
215		72,000			106,500
216		73,500			not sold
217		75,000			111,000
218		72,300			112,500
219		78,000			not sold

Required:
1.	Calculate 2013 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.
	ending inventory cost of good sold

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

ending inventory
cost of good sold

3.	Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system.
	ending inventory cost of good sold

4.	Calculate ending inventory and cost of goods sold assuming the average cost method and a periodic inventory system. ending inventory cost of good sold