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 990s) Cost Retail Beginning inventory $ 77 $ 122 Purchases 1,803 Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 668 27 2 3 5 9 913 Required: 1. Use the retail method to approximate cost of ending inventory valued under Average cost method. (Enter your answer in thousar Including 2 decimal places, I.e. 12,550 would be 12.55.) Ending inventory (s 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 ees) Cost Retail Beginning inventory $ 77 $122 Purchases 1,883 Freight-in on purchases Purchase returns 3 Net markups 9 Net sales 913 668 27 2 5 Net markdowns 2. Use the retail method to approximate cost of ending inventory valued under Conventional method. (Enter your answer In thousands Including 2 decimal places, I.e. 12,550 would be 12.55) Ending inventory ($ in 000s) Conventional