Check my work 9 CAEICISE J-21 Taiyo, Voldi-value Lirv Telall LLUJ- Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: 5 points Merchandise inventory, January 1, 2021 Net purchases Net markups Net markdowns Net sales Cost Retail $259,000 $350,000 507,000 645,000 21,000 16,000 450,000 eBook Print References Related retail price indexes are as follows: January 1, 2021 December 31, 2021 1.00 1.25 Required: Determine ending inventory and cost of goods sold using the information provided. $ 550,000 Ending inventory at retail Ending inventory at cost Cost of goods sold