Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting...

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Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Cost Retall Merchandise inventory, January 1, 2024 $ 169,000 $260,000 Net purchases 358,800 515,000 Net markups Net markdowns Net sales Related retail price Indexes are as follows: 8,000 3,000 360,000 January 1, 2024 1.00 December 31, 2024 1.20 equired: Betermine ending Inventory and cost of goods sold using the Information provided. Ending inventory at retail Ending inventory at cost Cost of goods sold Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Cost Retall Merchandise inventory, January 1, 2024 $ 169,000 $260,000 Net purchases 358,800 515,000 Net markups Net markdowns Net sales Related retail price Indexes are as follows: 8,000 3,000 360,000 January 1, 2024 1.00 December 31, 2024 1.20 equired: Betermine ending Inventory and cost of goods sold using the Information provided. Ending inventory at retail Ending inventory at cost Cost of goods sold