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 $ 323,000 $ 425,000 Net purchases 536,000 665,000 Net markups 23,000 Net markdowns 18,000 Net sales 510,000 Related retail price indexes are as follows: January 1, 2024 1.00 December 31, 2024 1.20 Required: Determine ending inventory and cost of goods sold using the information provided