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 2021, the records indicate the following data: ($ in 000s) Cost Retail Beginning inventory $ 83 128 Purchases 674 1,009 Freight-in on purchases 33 Purchase returns 1 Net markups Net markdowns Net sales 919 2 4 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) Answer is complete but not entirely correct. Ending inventory ($ in 000s) $ 147.88 X Conventional