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:

Car ID	Cost
203	$	102,000
207		102,000
210		105,000

During 2018, each of the three autos sold for $132,000. Additional purchases (listed in chronological order) and sales for the year were as follows:

Car ID	Cost			Selling Price
211	$	102,000		$	132,000
212		102,000			135,000
213		103,500		not sold
214		105,000			138,000
215		108,000			142,500
216		106,500		not sold
217		111,000			147,000
218		108,300			148,500
219		114,000		not sold

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 LIFO Periodic Method Periodic Average Cost Ending inventory Cost of goods sold