12 Required information [The following information applies to the questions displayed below.] Part 2 of 2 Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: ($ in 0003) 8.37 points Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales Cost Retail S 90 S 135 681 1,016 40 2 3 o o un eBook 926 Print References 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) Ending inventory ($ in 000s) Conventional