Check.my work 3 Part 1 of 2 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: 20 points Beginning inventory Purchases Freight-in on purchases Purchase returns eBook Net markups Net markdowns Print Net sales ($ in thousands) Cost Retail $ 76 $ 121 667 1,002 26 1 2 3 912 References 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, l.e. 12,550 would be 12.55. Ending inventory ($in 000s) Average cost $ 68.33 Dr of 5 Next >>