[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: During 2024 , each of the three autos sold for $96,000. Additional purchases (listed in chronological order) and sales for the year were as follows: equired: Calculate 2024 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method. 2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system. 3. Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system 4. Calculate ending inventory and cost of goods sold assuming the average cost method and a periodic inventory system. \begin{tabular}{|l|l|} \hline & \multicolumn{1}{|c|}{AverageCostMethodPeriodic} \\ \hline Ending inventory & \\ \hline Cost of goods sold & \\ \hline \end{tabular} [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: During 2024 , each of the three autos sold for $96,000. Additional purchases (listed in chronological order) and sales for the year were as follows: equired: Calculate 2024 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method. 2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system. 3. Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system 4. Calculate ending inventory and cost of goods sold assuming the average cost method and a periodic inventory system. \begin{tabular}{|l|l|} \hline & \multicolumn{1}{|c|}{AverageCostMethodPeriodic} \\ \hline Ending inventory & \\ \hline Cost of goods sold & \\ \hline \end{tabular}