Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Cost $ 300.000 521, 100 Merchandise inventory, January 1, 2021 Net purchases Net markups Net markdowns Net sales Retail 400,000 655,000 22, 000 17,000 510,000 Related retail price indexes are as follows: January 1, 2021 December 31, 2021 1.00 1.10 Required: Determine ending inventory and cost of goods sold using the information provided. Answer is complete but not entirely correct. $ Ending inventory at retail Ending inventory at cost Cost of goods sold $ 550,000 473,800 x 473,800 x $