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Required information [ The following information applies to the questions displayed below. ] Smith - Kline Company maintains inventory records at selling prices as well

Required information
[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:
Required:
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.
Answer is complete but not entirely correct.
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