Required Information [The following Information applies to the questions displayed below.] 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 203 207 210 Cost $ 93,000 93,000 96,000 During 2024, each of the three autos sold for $123,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Cost Selling Price $ 123,000 Car ID 211 $ 93,000 212 93,000 126,000 213 94,500 not sold 214 96,000 215 99,000 129,000 133,500 216 97,500 not sold 217 102,000 138,000 218 219 99,300 105,000 139,500 not sold Required: 1. Calculate 2024 ending Inventory and cost of goods sold assuming the company uses the specific identification Inventory method. Ending inventory Cost of goods sold Specific Identification