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: XL 000 cost Retail Beginning inventory $83 120 Purchase 6741,009 Freight-in on purchases 33 Purchase return Net markup Netmarkdown Net sales 1 4 3 919 Required: 1. Use the retail method to approximate cost of ending inventory valued under Average cost method (Enter your answer in thousands including 2 decimal places, le 12,550 would be 12.55.) Ending Inventory is in 000) Average cost 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 6000 Coat Retail Deginning inventory $93.5 128 Purchase 674 1.009 Freight-in on purchases Purchase returns 1 Net markupe Net markdown Net sales 33 2 4 919 2. Use the retail method to approximate cost of ending Inventory valued under Conventional method (Enter your answer in thousands including 2 decimal places, l.e. 12,550 would be 12.55) Ending inventory (5 in 000) Conventional