Required information (The following information applies to the questions displayed below. 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 2021, Carlson had three cars in inventory, as follows: Car ID 203 207 210 Cost $72,000 72,000 75,000 During 2021, each of the three autos sold for $102,000. Additional purchases listed in chronological order) and sales for the year were as follows: Car ID 211 212 213 Cost $72,000 72,000 73,500 75,000 78,000 76,500 81,000 78,300 84,000 Selling Price $ 102,000 105,000 not sold 108,000 112,500 not sold 117,000 118,500 not sold un a 219 Required: 1. Calculate 2021 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method. Specific Identification Ending inventory Cost of goods sold 2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system. FIFO Periodic Ending inventory Cost of goods sold 3. Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system. LIFO Periodic Ending inventory Cost of goods sold 4. Calculate ending inventory and cost of goods sold assuming the average cost method and a periodic inventory system. Average Cost Method Periodic Ending inventory Cost of goods sold