Exercise $9-21($Algo$)$ Dollar$-$value LIFO retail $[$LO$9-5]$

tance Hefner Specialty Shoppes declded to use the dollar$-$value LIFO retail method to value its inventory. Accounting records provide the following information:

$\backslash$table$[[,$Cost,Retail$],[$Merchandise inventory, January $1,2024,$$ $351,000,$$ $458,000],[$Net purchases,S$65,8$ev$,685,6$ed$],[$Net markups,,$25,000],[$Net markodowns,,$20,000],[$Net sales,,$540,600]]$

Related retail price indexes are as follows:

$\backslash$table$[[$January $1,2024,1\mathrm{.}00],[$December $31,2024,1\mathrm{.}28]]$

Required:

Determine ending inventory and cost of goods sold using the information provided.

$\backslash$table$[[$Ending inventory at retail,$$8,600,000$