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 $ 78,000 78,000 81,000 During 2021, each of the three autos sold for $108,000. Additional purchases (listed in chronological order) and sales for the year were as follows: Car ID 211 212 213 214 215 216 217 218 219 Cost $ 78,000 78,000 79,500 81,000 84,000 82,500 87,000 84,300 90,000 Selling Price $108,000 111,000 not sold 114,000 118,500 not sold 123,000 124,500 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