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, 2021 Net purchases Net markups Net markdowns Net sales Cost Retail $245,000 $350,000 458,800 615,000 18,000 13,000 460,000 Related retail price indexes are as follows: 1.00 January 1, 2021 December 31, 2021 1.20 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