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 2. Calculate ending Inventory and cost of goods sold assuming FIFO and a periodic Inventory system. Ending inventory Cost of goods sold FIFO Periodic 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