Exercise 9-21 (Algo) Dollar-value LIFO retail [LO9-5] Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Merchandise inventory, January 1, 2024 Cost $ 217,000 Retail $310,000 Net purchases 421,800 565,000 Net markups 13,000 Net markdowns Net sales 8,000 440,000 Related retail price indexes are as follows: January 1, 2024 1.00 December 31, 2024 1.10 Required: Determine ending inventory and cost of goods sold using the information provided. Ending inventory at retail Ending inventory at cost Cost of goods sold