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: Cost $87, 000 87, 000 Car D 203 207 90, 000 210 During 2021, each of the three autos sold for $117,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Car D 211 Cost Selling Price $117, 000 $87, 000 87, 000 88, 500 90, 000 93, 000 91, 500 96, 000 212 120, 000 213 not sold 214 123, 000 127, 500 not sold 132, 000 133, 500 215 216 217 218 93, 300 99, 000 219 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