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 2024, Auto Dealers had three cars in inventory, as follows: Car ID Cost 203 $ 69,000 207 69,000 210 72,000 During 2024, each of the three autos sold for $99,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Car ID Cost Selling Price 211 $ 69,000 $ 99,000 212 69,000 102,000 213 70,500 not sold 214 72,000 105,000 215 75,000 109,500 216 73,500 not sold 217 78,000 114,000 218 75,300 115,500 219 81,000 not sold

1. Calculate 2024 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.

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

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

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