Required information [The following information applies to the questions displayed below.] Auto Dealers...
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Required information The following information applies to the questions displayed below. Auto Dealers Incorporated 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 Auto Dealers had three cars in inventory, as follows: During each of the three autos sold for $ Additional purchases listed in chronological order and sales for the year were as follows: Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system. ASSUMING FIFO AND PERIODIC INVENTORY SYSTEM 
Required information
The following information applies to the questions displayed below.
Auto Dealers Incorporated 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 Auto Dealers had three cars in inventory, as
follows:
During each of the three autos sold for $ Additional purchases listed in chronological order and sales for
the year were as follows:
Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system.
ASSUMING FIFO AND PERIODIC INVENTORY SYSTEM
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