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

Cost Retail

Merchandise inventory, January $1,2024$ $ $160,000$ $ $250,000$

Net purchases $350,200510,000$

Net markups $7,000$

Net markdowns $2,000$

Net sales $380,000$

Related retail price indexes are as follows:

January $1,20241\mathrm{.}00$

December $31,20241\mathrm{.}10$

Required:

Determine ending inventory at cost and retail and cost of goods sold using the information provided.