ABC MOTORS, INC. LIFO (LAST-IN, FIRST-OUT) INVENTORY INDEX REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 SINGLE POOL

Transcription

1 LIFO (LAST-IN, FIRST-OUT) INVENTORY INDEX REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 SINGLE POOL ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & DOLLAR VALUE; LINK-CHAIN, INDEX METHODOLOGY ALL NEW VEHICLES (REGARDLESS OF MANUFACTURER), INCLUDING DEMONSTRATORS... REV. PROC WILLARD J. DE FILIPPS, CPA, PC 317 WEST PROSPECT AVENUE MT. PROSPECT, ILLINOIS Phone: Fax: G:\I.IFODATAUOBS\ \REPORTOO.RTF

2 * Willard J. De Filipps, CPA P. C. 317 West Prospect Avenue Mt. Prospect, Illinois (847) Fax: (847) Thomas Smith ABC Motors, Inc. 200 East State Street Dealetown, USA November 29, 2012 Dear Tom: re: ABC Motors, Inc. New Vehicle Inventories LIFO Reserve Computations and LIFO Index Reports For the Year Ended December 31, 2011 LIFO RESERVE COMPUTATIONS- NEW VEIDCLES Below is the amount of the change in the new vehicle LIFO reserve for ABC Motors, Inc. for the year ended December 31, Pool #1- All New Vehicles (regardless of manufacturer, including demonstrators) $24,593 This has been computed in accordance with the previous change in method of pooling LIFO inventories, to use a single, overall pool for all new vehicles. The amount of ending inventory dollars ties into our reports which have been reconciled to the exact total of all costs for each unit in the General Ledger/control account. Detailed LIFO reserve computations for this pool are enclosed. Consistent with the Alternative LIFO Method for New Vehicles, a LIFO increment calculated for the current year (expressed in base dollars) has been valued for LIFO purposes by multiplying that amount by the cumulative inflation index as of the end of the year. This ( 1) results in the use of the same cumulative index in both steps of the LIFO computations, (2) means that there is no addition to the LIFO reserve in the current year resulting from the increment and (3) usually closely approximates the "most recent purchases" method. ADJUST YEAR-END LIFO ESTIMATE TO ACTUAL Any year-end financial statements with preliminary LIFO estimates on them should now be adjusted to reflect the amount of the LIFO reserve changes as computed.

3 Pages 2-4 of Transmittal Letter Omitted

4 PAGE: 1 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 NOVEMBER 29,2012 ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & DOLLAR VALUE; LINK-CHAIN, INDEX METHODOLOGY ALL NEW VEHICLES (REGARDLESS OF MANUFACTURER), INCLUDING DEMONSTRATORS... REV. PROC REPORT CONTENTS REPORT NUMBER DESCRIPTION CALCULATION OF ANNUAL LIFO INVENTORY AND RESERVE CHANGES- ALL NEW VEHICLES #1 2 ANALYSIS OF LIFO RESERVES- ALL NEW VEHICLES #1 3 REPORT SUMMARY BY MAKE AND ALL NEW VEHICLES INDEX 4 REPORT SUMMARY BY MAKE, MODEL AND ALL NEW VEHICLES INDEX 5 DETAIL INDEX CALCULATION BY ITEM CATEGORY- ALL NEW VEHICLES #1 6 NEW ITEMS REPRICED AT DETAIL INDEX CALCULATION BY NEW VEHICLE INVOICE AND COM PUT AT ION OF ENDING INVENTORY* AVERAGE VEHICLE BASE COST BY ITEM CATEGORY- ALL NEW VEHICLES #1 8 RECAP OF ENDING INVENTORY SHOWING MODEL YEAR MIX 9 DEALER/MANUFACTURER BASE COST REPORT(S) POOL #1: ALL NEW VEHICLES (REGARDLESS OF MANUFACTURER) INCLUDING DEMONSTRATORS *ABBREVIATIONS USED IN REPORT 7 FOR BOY COST REFERENCE NEW AVG MFGLST OTHER NEW ITEM, REPRICED AT EOY COST, INDEX OF ITEM CATEGORY AVERAGE COST FROM THE PRIOR YEAR ENDING INVENTORY DETAIL MANUFACTURER'S PRICE LIST IN EFFECT ON FIRST DAY OF LAST MONTH OF PRECEDING YEAR: ITEM CATEGORY NOT ON HAND AT BEGINNING OF YEAR SPECIAL DETERMINATION: NOT ONE OF THE ABOVE G:IUFODATA\JOBS\ \REPORTOO.RTF

5 PAGE: 1 LIFO INVENTORY RESERVE REPORT ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & FOR THE YEAR ENDED DECEMBER 31, 2011 NOVEMBER 29, 2012 REPORT #1 CALCULATION OF ANNUAL LIFO INVENTORY AND RESERVE CHANGES ALL NEW VEHICLES POOL #1 ALL NEW ALL NEW VEHICLES VEHICLES POOL#1 POOL# A. BEGINNING OF YEAR INVENTORY AT BASE DATE COST -ASREBASED B. END OF YEAR INVENTORY AT END OF YEAR (CURRENT) PRICES 2,749,402 3,168,283 3,444,874 2,751,291 C. END OF YEAR INVENTORY AT BEGINNING OF YEAR (BASE) PRICES NOT FULLY REPRICED NOT FULLY REPRICED D. CURRENT YEAR PRICE INDEX END OF YEAR INVENTORY PRICED AT END OF YEAR PRICES (DIVIDED BY) RATIO OF: END OF YEAR INVENTORY PRICED AT BEGINNING OF YEAR PRICES E. CUMULATIVE LINK-CHAIN INDEX CURRENT YEAR PRICE INDEX (LINE D) MULTIPLIED BY (X) PRIOR YEAR'S CUMULATIVE INDEX (LINE E OF PRIOR YEAR) F. END OF YEAR INVENTORY AT BASE DATE COST (LINE B DIVIDED BY LINE E) G. CURRENT YEAR INVENTORY INCREASE (DECREASE) - EXPRESSED IN BASE DOLLARS 1. END OF YEAR INVENTORY AT BASE DATE COST (LINE F) 2. BEGINNING OF YEAR INVENTORY AT BASE DATE COST (LINE A) 3. CURRENT YEAR INCREMENT (G(1) EXCEEDS G(2)) OR DECREASE (IF G(2) EXCEEDS G(1)) 4. LIFO VALUATION OF CURRENT YEAR INCREMENT (IF G(1) EXCEEDS G(2), MULTIPLY LINE G(3) BY LINE E) ,168,283 2,489,113 3,168,283 2,489,113 (2,749,402) (3,168,283) 418,881 (679,170) X ,449 N/A G:\I.JFOOATAWOBS\ \REPORTOI.RTF

6 PAGE:2 LIFO INVENTORY RESERVE REPORT ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & FOR THE YEAR ENDED DECEMBER 31, 2011 NOVEMBER 29, 2012 REPORT #1 CALCULATION OF ANNUAL LIFO INVENTORY AND RESERVE CHANGES ALL NEW VEHICLES POOL #1 ALL NEW ALL NEW VEHICLES VEHICLES POOL#1 POOL# H. ANALYSIS OF YEAR-END INVENTORY LIFO "LAYERS" -AS REBASED BASE VALUATION DOLLARS FACTOR JANUARY 1, BASE 1,228,532 X , ,861 CALENDAR YEAR 1993 INCREMENT 83,775 X ,526 65,526 CALENDAR YEAR 19941NCREMENT 196,828 X , ,384 CALENDAR YEAR 1996 INCREMENT 24,455 X ,891 20,891 CALENDAR YEAR 19971NCREMENT 78,188 X ,072 68,072 CALENDAR YEAR 1999 INCREMENT 33,628 X ,393 30,393 CALENDAR YEAR 2000 INCREMENT 21,626 X ,966 19,966 CALENDAR YEAR 2002 INCREMENT 313,308 X , ,540 CALENDAR YEAR 2006 INCREMENT 508,773 X , ,876 CALENDAR YEAR 2007 INCREMENT 0 X ,930 0 REBASED 12/31/07 0 X CALENDAR YEAR 2010 INCREMENT Q X ,449 Q 2.489,113 ENDING INVENTORY AT LIFO VALUATION, TOTAL PER ABOVE 2,779,685 2,061,509 LESS: ENDING INVENTORY AT END OF YEAR PRICES (LINE B) 3,444,874 2,751,291 LIFO RESERVE AT END OF CURRENT YEAR 665, ,782 LESS: LIFO RESERVE AT END OF PREVIOUS YEAR 602, ,189 INCREASE (DECREASE) IN LIFO RESERVE AT END OF CURRENT YEAR 63,126 24,593 G:\UFOOATAWOBS \REPORT01.RTF

7 PAGE: 1 NOVEMBER 29, 2012 LIFO INVENTORY RESERVE REPORT ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #2 ANALYSIS OF LIFO RESERVES ALL NEW VEHICLES POOL #1 DECEMBER 31, 2011 LIFO RESERVE CONSISTS OF: BASE DOLLARS INDEX FACTOR COMPOSITION OF LIFO RESERVE JANUARY 1, BASE CALENDAR YEAR 19931NCREMENT CALENDAR YEAR 1994 INCREMENT CALENDAR YEAR 1996 INCREMENT CALENDAR YEAR 1997 INCREMENT CALENDAR YEAR 19991NCREMENT CALENDAR YEAR 2000 INCREMENT CALENDAR YEAR 2002 INCREMENT CALENDAR YEAR 2006 INCREMENT CALENDAR YEAR 2007 INCREMENT REBASED 12/31/07 CALENDAR YEAR 2008 INCREMENT CALENDAR YEAR 20091NCREMENT CALENDAR YEAR 2010 INCREMENT ROUNDING 1,228,532 X ,775 X ,828 X ,455 X ,188 X ,628 X ,626 X ,308 X ,773 X X X X X X ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= ( )= 445,073 27,073 60,176 6,140 18,352 6,777 3,938 44,769 77, @ TOTALS 2.489, PROOF I RECONCILIATION OF INCREASE IN LIFO RESERVE AS OF DECEMBER 31, 2011 AMOUNT OF BASE DOLLARS THAT REMAINED INTACT THROUGHOUT DECEMBER 31, 2011 (X) MULTIPLIED BY CURRENT YEAR INFLATION ( ) ALL VEHICLES POOL#1 2,489,113 X INCREASE (DECREASE) IN LIFO RESERVE DUE TO INFLATION (DEFLATION) FACTOR LESS PAYBACK DUE TO DECREMENT CARRIED BACK AGAINST PRIOR YEAR LA YER(S) DECEMBER 31, 2006 DECEMBER 31, 2007 DECEMBER 31, 2010 TOTAL PAYBACK DUE TO DECREMENT 40,709 X ,580 X X ,1 70 ( )= ( )= ( )= (5,466) (14,819) ::Q (20,285) ROUNDING ill INCREASE (DECREASE) IN LIFO RESERVE AT END OF CURRENT YEAR G:II.IFOOATAIJOBSI00003\45\REPORT02.RTF

8 PAGE: 1 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #3- REPORT SUMMARY BY MAKE AND ALL NEW VEHICLES INDEX ALL NEW TOTAL INVENTORY BOY EOY VEHICLES MAKE UNITS COST COST COST POOL#1 CHRYSLER TOTAL ALL NEW VEHICLES POOL # , , , TOTAL CHRYSLER , , ,389 DODGE TOTAL ALL NEW VEHICLES POOL # , , , TOTAL DODGE , , ,773 FORD TOTAL ALL NEW VEHICLES POOL #1 44 1,467, ,292,083 1,322, TOT ALFORD 44 1,467, ,292,083 1,322,136 JEEP TOTAL ALL NEW VEHICLES POOL #1 142, , , TOTAL JEEP ~ 142, , ,090 COMBINED TOTALS FOR ALL NEW VEHICLES 84 2,751, , POOL INDEX G:\LIFOOATAWOBS\ \REPORT03.RTF

9 PAGE: 2 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #3- REPORT SUMMARY BY MAKE AND ALL NEW VEHICLES INDEX NOVEMBER 29, 2012 ALL NEW TOTAL INVENTORY BOY EOY VEHICLES MAKE UNITS COST COST COST POOL#1 INDEX RECAP BY POOL CHRYSLER TOTAL ALL NEW VEHICLES POOL # , , , DODGE TOTAL ALL NEW VEHICLES POOL # , , , FORD TOTAL ALL NEW VEHICLES POOL #1 44 1,467, ,292,083 1,322, JEEP TOTAL ALL NEW VEHICLES POOL #1 142, , , TOTAL ALL NEW VEHICLES POOL # COMBINED TOTAL FOR ALL NEW VEHICLES , ,520,388 PERCENT AGE OF ENDING INVENTORY DOLLARS REPRICED 2,520,388 POOL #1: ALL NEW VEHICLES = 91.61% 2,751,290 G:II.IFOOA TA\JOBS\ \REPORTOJ. RTF

10 PAGE: 1 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #4- REPORT SUMMARY BY MAKE, MODEL AND ALL NEW VEHICLES INDEX ALL NEW ALL NEW TOTAL INVENTORY VEHICLES BOY EOY VEHICLES MAKE/MODEL UNITS COST POOL#1 COST COST POOL#1 CHRYSLER , , ,880 41, , , ,601 64, TOWN & COUNTRY ~ 290, , , , TOTAL AUTOS POOL # , , , , TOTAL CHRYSLER DODGE AVENGER 1 21, , ,440 20, CHARGER 2 55, , ,625 53, DAKOTA 1 30, , ,073 28, GRAND CAAAVAN 1 26, , ,020 25, JOURNEY 2 55, , ,719 52, RAM PICKUP , , , , TOTAL AUTOS POOL # , , , , TOTAL DODGE FORD EDGE 3 104, , ,127 98, ESCAPE 4 108, , , , EXPEDITION 2 91, , ,318 83, EXPLORER 2 66, , ,176 61, G:IUFOOATAIJOBS'«<I0314SIREPORT04.RTF

11 PAGE:2 NOVEMBER 29, 2012 LIFO {last-in, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #4 REPORT SUMMARY BY MAKE, MODEL AND ALL NEW VEHICLES INDEX ALL NEW ALL NEW TOTAL INVENTORY VEHICLES BOY EOY VEHICLES MAKE/MODEL UNITS COST POOL#1 COST COST POOL#1 FORD {CONTINUED) F150PICKUP , , , , F250 SUPER DUTY PICKUP 2 90, , ,477 71, F350 SUPER DUTY PICKUP 2 101, , ,616 80, FIESTA 1 16, , ,826 14, FLEX 2 64, , '()1,375 57, FOCUS 2 45, , ,494 39, FUSION 4 95, , ,493 88, MUSTANG 1 32, , ,265 30, TAURUS 170, , ,928 1'()1, TOTAL AUTOS POOL #1 44 1,467, ,467, ,292,083 1,322, TOTAL FORD JEEP COMPASS 1 22, , ,633 22, GRAND CHEROKEE 1 31, , ,601 28, G:\UFOOATA\JOBS\OIKXI314!0REI'ORTG<RTF

12 PAGE:3 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #4- REPORT SUMMARY BY MAKE, MODEL AND ALL NEW VEHICLES INDEX ALL NEW ALL NEW TOTAL INVENTORY VEHICLES BOY EOY VEHICLES MAKE/MODEL UNITS COST POOL#1 COST COST POOL#1 JEEP (CONTINUED) WRANGLER ~ 88, , , TOTAL ALL NEW VEHICLES POOL #1 ~ 142,3n , , , TOTAL JEEP ~ 142.3n COMBINED TOTALS FOR ALL NEW VEHICLES INDEX ALL NEW VEHICLES POOL # G:IUFOOATA\JOBS\000031GREPORT!l4.RTF

13 PAGE: 1 NOVEMBER 29, 2012 LIFO (last-in, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #5 DETAIL INDEX CALCULATION BY ITEM CATEGORY ALL NEW VEHICLES POOL #1 ALL NEW TOTAL INVENTORY BOY EOY VEHICLES MAKEJMODEUBODY STYLE UNITS COST COST COST POOL#1 CHRYSLER DR SEDAN TOURING AUTO.6 43, ,880 41, TOTAL , ,880 41, DR AWD SEDAN L TO V6 3.6 AUTO 1 38, ,829 32, DR SEDAN S V6 3.6 AUTO 1 36, ,772 31, TOTAL , ,601 64, TOWN & COUNTRY 4-DR VAN L TO V6 3.6 AUTO 1 38, ,801 36, DR VAN TOURING L V6 3.6 AUTO 4 131, , , DR VAN TOURING V6 3.6 AUTO 1 120, , , TOTAL TOWN & COUNTRY ~ 290, , , TOTAL CHRYSLER , , ,389 DODGE AVENGER 4-DR SEDAN SXT AUTO 1 21, ,440 20, TOTAL AVENGER 1 21, ,440 20, CHARGER 4-DR AWD SXT V6 3.6 AUTO 1 29, ,323 29, DR SEDAN SE V6 3.6 AUTO 1 26, ,302 24, TOTAL CHARGER.6 55, ,625 53, DAKOTA 4-DR 4WD CREW CAB BIG HORN V , ,073 28, TOTAL DAKOTA 1 30, ,073 28, GRAND CARAVAN 4-DR VAN MAIN STREET V , ,020 25, TOTAL GRAND CARAVAN 1 26, ,020 25, JOURNEY 4-DR AWD SPORT WGN CREW V6 3.6 AUTO 1 30, ,439 29, DR FWD SPORT WGN MAINTREET V6 3.6 AUTO 1 25, ,280 23, TOTAL JOURNEY 2 55, ,719 52, RAM PICKUP 15004WD CC SLTV /2FT 4 140, , , WD CC SPORT VB HEMI /2FT 2 75, ,618 72, G:\UFOOATAWOBS\ \REPORTOS.RTF

14 PAGE: 2 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #5 DETAIL INDEX CALCULATION BY ITEM CATEGORY ALL NEW VEHICLES POOL #1 ALL NEW TOTAL INVENTORY BOY EOY VEHICLES MAKSMODEUBODY~E UNITS COST COST COST POOL#1 DODGE (CONTINUED) RAM PICKUP (CONTINUED) 15004WD CC STV /2FT 1 32, ,973 30, WD QUAD CAB SLT V /4FT 4 133, , , WD QUAD CAB ST VB /4FT 1 30, ,092 28, WD REG CAB ST VB 4.7 8FT 1 26, ,698 24, WD CC LARAMIE LONGHORN VB HEM15.7 6FT , ,809 44, WD MEGA CAB LARAMIE LONGHORN 16 TO , ,121 53, TOTAL RAM PICKUP , , , TOTAL DODGE , , ,773 FORD EDGE 4-DR AWD SPORT UTILITY LTD V , ,178 68, DR AWD SPORT UTILITY SEL V , ,949 30, TOTAL EDGE ~ 104, ,127 98, ESCAPE 4-DR 4WD HYBRID 4CYL 2.5 AUTO , ,354 30, DR 4WD XL T AUTO , ,105 24, DR FWD XL T AUTO 200 ~ 50, ,240 46, TOTAL ESCAPE 1 108, , , EXPEDITION 4-DR 4WD L TO V8 FF 5.4 AUTO 119WB 1 47, ,694 44, DR 4WD XL T V8 FF 5.4 AUTO 1 44, ,624 39, TOTAL EXPEDITION ~ 91, ,318 83, EXPLORER 4-DR 2WD SUV XL T V6 3.5 AUTO 1 30, ,178 29, DR 4WD SUV XL T V6 3.5 AUTO 1 36, ,998 31, TOTAL EXPLORER ~ 66, ,176 61, F150PICKUP 4WD SUPERCAB LARIAT 145WB 1 36, ,771 34, WD SUPERCAB XL T 145WB 4 135, , , WD SUPERCREW FX4145WB 1 39, ,302 36, WD SUPERCREW LARIAT 145WB 2 85, ,635 73, WD SUPERCREW XL T 145WB 4 144, , , WD SUPERCREW XL T 157WB 1 36, ,833 33, TOTAL F150 PICKUP , , , G:\I.IFODA 1 A\JOBS\ \REPORTOS. RTF

15 PAGE: 3 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #5 DETAIL INDEX CALCULATION BY ITEM CATEGORY ALL NEW VEHICLES POOL #1 ALL NEW TOTAL INVENTORY BOY EOY VEHICLES MAKEIMODEUBODY STYLE UNITS COST COST COST POOL#1 FORD (CONTINUED) F250 SUPER DUTY PICKUP 4WD CREW CAB XL T 156WB 1 45, ,448 36, WD SUPERCAB XL T 142WB 1 44, ,029 35, TOTAL F250 SUPER DUTY PICKUP ~ 90, ,477 71, F350 SUPER DUTY PICKUP 4WD CREW CAB LARIAT SRW 156WB 1 54, ,240 42, WD CREW CAB XL T SRW 156WB 1 46, ,376 38, TOTAL F350 SUPER DUTY PICKUP ~ 101, ,616 80, FIESTA 4-DR SEDAN SE 4CYL SP 1 16, ,826 14, TOTAL FIEST A 1 16, ,826 14, FLEX 4-DR 2WD SUV SE V6 3.5 AUTO 1 29, ,559 27, DR 2WD SUV SEL V6 3.5 AUTO 1 34, ,816 30, TOTAL FLEX ~ 64, ,375 57, FOCUS 5-DR HATCHBACK SEL 4CYL 2.0 AUTO ~ 45, ,494 39, TOTAL FOCUS ~ 45, ,494 39, FUSION 4-DR SEDAN 1-4 SE 4CYL , ,533 42, DR SEDAN 1-4 SEL 4CYL ~ 51, ,960 46, TOTAL FUSION 1 95, ,493 88, MUSTANG 2-DR COUPE GT PREMIUM VB , ,265 30, TOTAL MUSTANG 1 32, ,265 30, TAURUS 4-DR SEDAN L TO V6 3.5 AUTO 1 32, ,288 29, DR SEDAN SEL V6 3.5 AUTO 138, , , TOTAL TAURUS 170, , , TOT ALFORD 44 1,467, ,292,083 1,322,136 G :\I.IFODATA\JOBS\000031~5\REPORTOS. RT F

16 PAGE:4 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #5 DETAIL INDEX CALCULATION BY ITEM CATEGORY ALL NEW VEHICLES POOL #1 NOVEMBER29, 2012 MAKSMODEUBODYsntE TOTAL UNITS INVENTORY COST BOY COST EOY COST ALL NEW VEHICLES POOL#1 JEEP COMPASS 4-DR 4WD SUV LATITUDE TOTAL COMPASS 1 22, , ,633 22, , GRAND CHEROKEE 4-DR 4WD SUV LAREDO V6 FF 3.6 AUTO TOTAL GRAND CHEROKEE 1 31, , ,601 30,601 28, , WRANGLER 2-DR 4WD SAHARA V SP 2-DR 4WD SPORT V SP 4-DR 4WD UNL TO SAHARA V SP TOTAL WRANGLER 1 28, , , ~ 88, ,723 21,431 28,270 75,424 26, , , , TOTAL JEEP ~ 142, , ,090 COMBINED TOTALS FOR ALL NEW VEHICLES POOL #1 84 2, , INDEX ALL NEW VEHICLES POOL # G:\UFODATA\JOBS\ \REPORTOS.RTF

17 PAGE: 1 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #6 NEW ITEMS REPRICED AT TOTAL INVENTORY EOY MAKEIMODEUBODY STYLE UNITS COST COST CHRYSLER DR AWD SEDAN L TO V6 3.6 AUTO 1 38, ,829 4-DR SEDAN S V6 3.6 AUTO 1 36, ,772 TOTAL300 ~ 74, ,601 TOTAL ALL NEW VEHICLES POOL #1 ~ 74, ,601 TOTAL CHRYSLER ~ 74, ,601 DODGE CHARGER 4-DR AWD SXT V6 3.6 AUTO 1 29, ,323 TOTAL CHARGER 1 29, ,323 RAM PICKUP 25004WD CC LARAMIE LONGHORN VB HEMI5.7 6FT4 1 52, , WD MEGA CAB LARAMIE LONGHORN 16 TO , ,121 TOTAL RAM PICKUP ~ 104, ,930 TOTAL ALL NEW VEHICLES POOL #1 ~ 133, ,253 TOTAL DODGE ~ 133, ,253 FORD FOCUS 5-DR HATCHBACK SEL 4CYL 2.0 AUTO ~ 45, ,494 TOTAL FOCUS ~ 45, ,494 TOTAL ALL NEW VEHICLES POOL #1 ~ 45, ,494 TOT ALFORD ~ 45, ,494 G:\UFODAT AIJOBSI \REPORT06. RTF

18 PAGE: 2 NOVEMBER 29, 2012 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #6 NEW ITEMS REPRICED AT TOTAL INVENTORY EOY MAKBMODEUBODY~E UNITS COST COST JEEP COMPASS 4-DR 4WD SUV LATITUDE } ,633 TOTAL COMPASS 1 22, ,633 TOTAL ALL NEW VEHICLES POOL #1 1 22, ,633 TOTAL JEEP 1 22, ,633 COMBINED TOTALS FOR ALL NEW VEHICLES ,981 INDEX RECAP BY POOL CHRYSLER TOTAL ALL NEW VEHICLES POOL #1 2 74, ,601 64, DODGE TOTAL ALL NEW VEHICLES POOL # , , , FORD TOTAL ALL NEW VEHICLES POOL #1 2 45, ,494 39, JEEP TOTAL ALL NEW VEHICLES POOL #1 1 22, ,633 22, TOTAL ALL NEW VEHICLES POOL # COMBINED TOTAL FOR ALL NEW VEHICLES 277, , G:\UFOOATAWOBS\00003\45\REPORTOS.RTF

19 Pages 1-9 of Report #7 Omitted

20 PAGE: 10 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #7 DET All INDEX CALCULATION BY NEW VEHICLE INVOICE AND COM PUT AT ION OF ENDING INVENTORY AVERAGE VEHICLE BASE COST BY ITEM CATEGORY ALL NEW VEHICLES POOL #1 NOVEMBER 29, 2012 MFG.MODEL STOCK SEQ PURC. MODEL TOTAL INVENTORY BOY BOY EOY INDEX MAK8MODEUBODYSTYLE CODE NUMBER NUM DATE YEAR UNITS COST REF COST COST UNIT JEEP (CONTINUED) WRANGLER (CONTINUED) TOTAL 2-DR 4WD SAHARA V SP 1 28, DR 4WD SPORT V SP JKJL72 C , AVG 21,431 21, TOTAL 2-DR 4WD SPORT V SP 1 26, ,431 21, DR 4WD UNLTD SAHARA V SP JKJP74SA C /28/ , MFGLST 28, TOTAL 4-DR 4WD UNL TO SAHARA V SP 1 32, ,270 29, TOTAL JEEP ALL NEW VEHICLES POOL #1 OTHER ~ 142, , ,090 ~ 142, , ,090 COMBINED TOTALS ALL NEW VEHICLES POOL #1 OTHER , , , ,414, ,173,153 2,213, ,751,29o.n 2,479,272 2,520,388 INDEX ALL AVERAGE BASE COST 26, , , G:'LJFOOATA\JOBS'rol03145\REI'ORT07.RTF

21 PAGE: 1 LIFO (LAST-IN, FIRST-OUT) INVENTORY REPORTS FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #8- RECAP OF ENDING INVENTORY SHOWING MODEL YEAR MIX NOVEMBER 29, 2012 MAKEIMODEUBODY STYLE STOCK PURCHASE MODEL TOTAL INVENTORY BOY EOY INDEX INDEX NUMBER DATE YEAR UNITS COST COST COST UNIT ALL CHRYSLER TOTAL CHRYSLER DODGE OTHER , , , , , , , , ,389 TOTAL DODGE FORD OTHER , , , , , , , , ,773 TOTAL FORD JEEP OTHER , ,448 36,448 1,421, ,255,635 1,285,688 1,467, ,292,083 1,322,136 TOTAL JEEP OTHER Q.Q , , , , , ,090 COMBINED TOTALS FOR ALL NEW VEHICLES OTHER , , ,314 2,414, ,173,153 2,213, n G:ll1FODATAIJOBS\ \REPORT08.RTF

22 PAGE: 1 NOVEMBER 29, 2012 LIFO (LAST-IN FIRST-OUT) INVENTORY INDEX REPORT-ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #9 DEALER/MANUFACTURER BASE COST REPORT CHRYSLER 1ST DAY INTRO MODEL YEAR MODEL YEAR- LAST MO. LAST MO. -FIRST PUBLISHED PRICE IN QUARTER- PRIOR YR PRIOR YR AVG. QTR1 QTR2 QTR3 QTR4 QTR1 QTR2 QTR3 QTR4 MODEL.JBODY STYLE "ITEM CATEGORY" MFG.MODELCODE STATUS 12101/ / / /11 09/30/ / / /11 09/30/ / DR CONVERTIBLE LT V6 3.6 AUTO JSCX27 c 29,935 30,119 30,170 30,354 2-DR CONVERTIBLE S V6 3.6 AUTO JSCR27 c 30,395 30,579 30,630 30,814 2-DR CONVERTIBLE TOURING AUTO JSCL27 c 25,524 25,574 25,758 4-DR SEDAN LTD AUTO JSCL41 c 22,740 22,924 23,055 23,441 4-DR SEDAN LX AUTO JSCH41 c 18,985 18,765 4-DR SEDAN S V6 3.6 AUTO JSCR41 c 24,851 25,035 25,166 25,552 4-DR SEDAN TOURING AUTO JSCE41 c 20,440 20, DR AWD SEDAN C LUX V6 3.6 AUTO LXFR48 N 42,029 4-DR AWD SEDAN C V6 3.6 AUTO LXFS48 N 38,319 38,349 38,809 4-DR AWD SEDAN C V8 HEMI5.7 AUTO LXFS48 D 38,072 4-DR AWD SEDAN L TO V6 3.6 AUTO LXFP48 N 32,829 33,289 4-DR AWD SEDAN S V6 3.6 AUTO LXFL48 N 33,749 34,209 4-DR AWD SEDAN S V8 HEMI5.7 AUTO LXFT48 N 39,269 39,729 4-DR SEDAN C LUX V6 3.6 AUTO LXCR48 N 39,868 4-DR SEDAN C V6 3.6 AUTO LXCS48 N 36,342 36,372 36,648 4-DR SEDAN C V8 HEMI5.7 AUTO LXCS48 D 36,194 4-DR SEDAN LTD V6 3.6 AUTO LXCP48 N 29,902 30,852 31,128 4-DR SEDAN S V6 3.6 AUTO LXCL48 N 31,772 32,048 4-DR SEDAN S V8 HEMI5.7 AUTO LXCT48 N 37,292 37,568 4-DR SEDAN SRT8 V8 6.4 AUTO LXCX48 N 45,602 45,878 4-DR SEDAN TOURING V6 3.6 AUTO LXCH48 D 26,305 4-DR SEDAN V6 3.6 AUTO LXCH48 N 26,222 26,252 26,528 G ILJFOOATA\JOBS'6l00314SRFT9C.RTF

23 Page 2 of Report #9 (Chrysler) Omitted

24 PAGE: 1 NOVEMBER29, 2012 LIFO (LAST-IN FIRST-OUT) INVENTORY INDEX REPORT-ALTERNATIVE LIFO METHOD PER REVENUE PROCEDURE 92-79, & 200&-23 FOR THE YEAR ENDED DECEMBER 31, 2011 REPORT #9- DEALER/MANUFACTURER BASE COST REPORT DODGE MODEUBODY STYLE "ITEM CATEGORY'' 1ST DAY INTRO LAST MO. LAST MO. PRIORYR PRIORYR AVG. MFG. MODEL CODE STATUS 12101/ !.31 12!.31/ MODEL YEAR MODEL YEAR- - FIRST PUBLISHED PRICE IN QUARTER- QTR1 QTR2 QTR3 QTR4 QTR1 QTR2 QTR3 QTR / F30/1112!.31/ / /11 09F30/1112!.31/11 AVENGER 4-DR SEDAN LUX AUTO 4-DR SEDAN RfT V6 3.6 AUTO 4-DR SEDAN SE AUTO 4-DR SEDAN SXT AUTO 4-DR SEDAN SXT PLUS AUTO JSDL41 JSDP41 JSDH41 JSDE41 JSDM41 D N c N 22,556 18,985 20,440 20,440 22,740 20,527 24,800 18,740 20,660 22,960 CALIBER 4-DR FWD SPORT WAGON SE SP 4-DR FWD SPORT WAGON SXT DR FWD SPORT WAGON SXT PLUS DR FWD SPORT WAGON UPTOWN AUTO 4-DR FWD WAGON RUSH SP PMDE49 PMDM49 PMDP49 PMDT49 PMDR49 c D D 16,484 17,748 17,604 19,464 19,929 17,581 16,949 17,636 18,101 18,069 19,929 16,944 18,232 18,199 CHALLENGER 2-DR COUPE RfT V8 HEMI5.7 2-DR COUPE SRT8 V8 HEM DR COUPE SXT V6 3.6 LCDP22 LCDX22 LCDH22 c 28,522 40,376 23,922 28,728 24,128 40,583 28,775 42,555 24,175 CHARGER 4-DR AWD SEDAN RfT V8 HEMI5.7 AUTO 4-DR AWD SEDAN V6 HO 3.5 AUTO 4-DR AWD SXT V6 3.6 AUTO 4-DR RWD SEDAN V6 HO 3.5 AUTO 4-DR SEDAN POLICE V8 HEMI5.7 VVT AUTO 4-DR SEDAN RfT V8 HEMI5.7 AUTO LDEP48 LXEL48 LDES48 LXDL48 LDDE48 LDDP48 c D N D c 30,879 26,946 24,554 27,982 28,902 31,086 29, ,703 29,323 28,519 28,725 G:IUFOOATAUOBS'<l000314!AAPT9RRTF

25 Pages 2-7 of Report #9 (Dodge) Omitted Pages 1-14 of Report #9 (Ford) Omitted Pages 1-2 of Report #9 (Jeep) Omitted End of Full LIFO Inventory Report (847)