Problem 9-9 Retail method-average cost and conventional [LO9-3, 9-4] Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data: (S in $79 S 124 670 1,0es Beginning inventory Freight-in on purchases returnS Net 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 calculation and final answers to 2 decimal places.) Ending Inventory in Problem 9-9 Retail method-average cost and conventional [LO9-3, 9-4] Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data: (S in $79 S 124 670 1,0es Beginning inventory Freight-in on purchases returnS Net 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 calculation and final answers to 2 decimal places.) Ending Inventory in