7 125 pos 300 Required information [The following information applies to the questions displayed below) SmithKline Company maintains inventory records or selling prices as well as at cost. For 2021, the records indicate the following data (5 in 100) Cost Retail Beginning loventory S 16 S 131 Purchases 677 1,012 Freight-in or purchases 36 Purchase returns 2 lietas 4 Tot arrows it as Required: 1. Use the retail method to approximate cost of ending Inventory vo ved under Average cost method. (Enter your answer in thousands including 2 decimal places. Le 12.550 would be 12.551 Ending inventory Sin 0005) ferrage cott