Homework Seved Lance Hefner Specialty Shoppes decided to use the dollar value LIFO retail method to value its inventory. Accounting re the following information: Merchandise inntry, Tamiary 1, 2021 Het purchase Hot markups Het markdowns Cost Fetal $12,000 $20,000 372,6410 535,000 19, con 5.000 400,00 Related retail price indexes are as follows: January 1, 2021 Ducumber 11, 2021 Required: Determine ending Inventory and cost of goods sold using the information provided Ending inventory at tot Endintory at Cart 420 000 307100 5