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12 125 point SmithKline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: (5

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12 125 point SmithKline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: (5 in 000) Cost Retail Beginning inventory $105 $ 175 Purchases 1,097 Freight-in on purchases 40 Purchase returns 1 Net markus 5 Met markdowns 9 Het sales 926 bo pe Required: Assuming the price level increased from 100 at January 1 to 160 1 December 31, 2021, use the dollar value LIFO retall method to opproximate cost of ending inventory and cost of goods sold. (Do not round Intermediate calculations, Round final answers to the nearest whole dollar, Enter your answers in thousands) (5 in 000) Estimated ending inventory atrol Estimated ending inventory at cost Emated cost of goods sold

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