Problem 9-9 Retail method-average cost and conventional (LO9-3, 9-4) Smith Kline Company maintains inventory records at selling prices as well es at cost For 2018, the records indicate the following data (S ie o00) Cest Retal $79 S 124 7 1,s 29 Seginning inventory Purchases Freight-in on purchases Purchase returns het narkups et markdowns Net sales 915 Required: Use the retail method to approximate cost of ending inventory in each of the following ways: (Enter your answers in thousands. Round your cost-to-retail percentage ceiculetion and finel answers to 2 decimal pleces) Ending Inventory (S in 00 1 Average cost 2 Conventional 142 27 143 16