Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Retail Cost Merchandise inventory, January 1, $351,000 $450,e00 2018 685,000 25,000 20,000 540,000 Net purchases Net markups 565,800 Net markdowns Net sales Related retail price indexes are as follows: January 1, 2018 December 31, 1.00 1.20 2018 Required: Determine ending inventory and cost of goods sold. Ending inventory at retail Ending inventory at cost Cost of goods sold