(Solved): Required information [The following information applies to the questions displayed below.] Auto Deal ...

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: During 2024, each of the three autos sold for \( \$ 129,000 \). Additional purchases (isted in chronological order) and sales for the year were as follows: 3. Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system.