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)ter 9 Homework O Required information Saved Help You skipped this question in the previous attempt. Save & Exit Submit Check my work [The
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)ter 9 Homework O Required information Saved Help You skipped this question in the previous attempt. Save & Exit Submit Check my work [The following information applies to the questions displayed below.] Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: Beginning inventory Purchases Freightin on purchases Purchase returns Net markups Net markdowns Net sales ($ in 000s) Cost Retail $ 75 $ 120 666 1,001 25 911 Book Print erences tion 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 cOOS) Conventional prey 3 of 6 Next >
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