The Baker Company uses the last in$,$ first out $($LIFO$)$ inventory valuation method and reported its inventory at $$200,000$ and its cost of goods sold $($COGS$)$ at $$500,000.$ The company's LIFO reserve increased from $$5,000$ to $$30,000$ during the year. What amounts would the company report for ending inventory and cost of goods sold if it were to use the first in$,$ first out $($FIFO$)$ method?

$$170,000$ $$525,000$

$$230,000$ $$525,000$

$$230,000$ $$475,000$