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 2018, Carlson had three cars in inventory, as follows: Cost $75,000 75,000 78,000 ID 203 207 210 During 2018, each of the three autos sold for $105,000. Additional purchases (listed in chronologial order) and sales for the year were as follows: Car ID Cost Sel1ing Price $75,000 75,000 76,500 78, 000 81,000 79,500 84,000 81,300 87,000 $105,000 108,000 not sold 111,000 115,500 not sold 120,000 121,500 not sold 211 212 213 214 216 217 218 219 Required 1. Calculate 2018 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. Specific FIFO Periodic Average Cost LIFO Periodic Method Peri Ending inventory Cost of goods sold