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 0005) Cost Retail Beginning inventory $ 73 $118 Purchases 664 999 Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 909 Required: 1. Use the retail method to approximate cost of ending inventory valued under Average cost method. (Enter your answer in thousands including 2 decimal places, I.e. 12,550 would be 12.55.) Ending inventory ($ in 000 s) Average cost