6 ! Part 2 of 2 Required information Problem 9-9 (Algo) Retail method-average cost and conventional (LO9-3, 9-4] [The following information applies to the questions displayed below.) 0.5 points Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: ($ in 200s) Cost Retail Beginning inventory $ 73 $118 Purchases 664 999 Freight-in on purchases 23 Purchase returns 1 2 Net markups 3 Net markdowns 7 Net sales 909 eBook Print References Problem 9-9 (Algo) part 2 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 (s in 000s) Conventional