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00 6 Part 2 of 2 2 points Required information [The following information applies to the questions displayed below.] Smith-Kline Company maintains inventory records

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00 6 Part 2 of 2 2 points Required information [The following information applies to the questions displayed below.] Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales ($ in 000s) Cost Retail $ 74 $ 119 665 1,000 24 2 3 5 9 910 2. Use the retail method to approximate cost of ending inventory valued under Conventional method. (Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55) Answer is complete but not entirely correct. Ending inventory ($ in 000s) Conventional $ 143.24 x

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