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, 2021 Cost Retail $315,000 $420,000 Net purchases Net markups Net markdowns Net sales 537,200 675,000 24,000 19,000 550,000 Related retail price indexes are as follows: January 1, 2021 1.00 December 31, 2021 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