Required information The following information applies to the questions displayed below.] SmithKline Company maintains Inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: ($ in 0003) Cost Retail Beginning $ 90 $ 135 inventory Purchases 681 1,016 Freight-in on 40 purchases Purchase returns 2 Net markups Net markdowns Net sales 926 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 0005 Average cost