Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data:

Required:
Assuming the price level increased from 1.00 at January 1 to 1.10 at December 31, 2018, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold.

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($ in thousands) Cost $ 80 671 Retail $ 125 1,006 Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 4 916