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 $57,000 57,000 60,000 During 2021, each of the three autos sold for $87,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Selling Price $ 87,000 Cost $57,000 57,000 58,500 90,000 not sold Car ID 211 212 213 214 -17 215 14 216 216 217 218 219 60,000 93,000 63,000 64,500 66,000 66,300 69,000 97,500 100 not sold 102,000 103,500 not sold 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