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, 2024 Net purchases Cost $ 323,000 536,000 Retail $ 425,000 665,000 Net markups 23,000 Net markdowns Net sales 18,000 510,000 Related retail price indexes are as follows: January 1, 2024 1.00 December 31, 2024 1.20 Required: Determine ending inventory and cost of goods sold using the information provided. Answer is complete but not entirely correct. Ending inventory at retail $ 585,000 Ending inventory at cost $ 536,000 x Cost of goods sold S 383,000 x