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9.34 please help! 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.] Smith-Kline
9.34 please help!
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.] Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data: Problem 9-9 (Algo) Part 1 Required: 1. Use the retail method to approximate cost of ending inventory valued under average cost method. Note: Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55 . 2. Use the retall method to approximate cost of ending inventory valued under conventional method. Note: Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55 Step by Step Solution
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