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, 2021	$	162,000		$	270,000
Net purchases		339,200			525,000
Net markups					9,000
Net markdowns					4,000
Net sales					380,000

Related retail price indexes are as follows:

January 1, 2021	1.00
December 31, 2021	1.25

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?