Exercise $9-21($Static$)$ Dollar$-$value LIFO retail $[$LO$9-5]$

Lance$-$Hefner Specialty Shoppes decided to use the dollar$-$value LIFO retail method to value its inventory. Accounting records provide the following information:

$\backslash$table$[[,$Cost,Retail$],[$Merchandise inventory, January $1,2024,$$$160,000,$$$250,06$