Question: Problem 8 - 7 ( Algo ) Various inventory costing methods [ LO 8 - 1 , 8 - 4 ] [ The following information

Problem 8-7(Algo) Various inventory costing methods [LO8-1,8-4]
[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:
\table[[Car ID,Cost],[203,$96,000
When calculating the ending inventory and cost of goods sold assuming LIFO and a periodic inventory system, i got $306,000 as my ending inventory, and $891,300 as my cost of goods sold. BOTH WERE INCORRECT. Please help me solve for those two correctly. Will upvote if all parts are correct.
 Problem 8-7(Algo) Various inventory costing methods [LO8-1,8-4] [The following information applies

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