Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Retail $316,000 $400, 000 695, 000 26,000 21,000 500,000 Cost Merchandise inventory, January 1, 2018 Net purchases Net markups Net markdowns 581, 000 Net sales Related retail price indexes are as follows January 1, 2018 December 31, 2018 1.00 1.25 Require Determine ending inventory and cost of goods sold. Ending inventory at retail Ending inventory at cost Cost of goods sold