lance-hefner specialty shoppes decided to use the dollar-value lifo retail method to value its inventory. accounting records provide the following information: cost retail merchandise inventory, january 1, 2021 $ 245,000 $ 350,000 net purchases 458,800 615,000 net markups 18,000 net markdowns 13,000 net sales 460,000 related retail price indexes are as follows: january 1, 2021 1.00 december 31, 2021 1.20 required: determine ending inventory and cost of goods sold using the information provided.