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 Bees) Cost Retail Beginning inventory $ 85 $ 130 Purchases 676 1,011 Freight-in on purchases 35 Purchase returns Net markups Net markdowns Net sales Required: 1. Use the retail method to approximate cost of ending Inventory valued under Average cost method. (Enter you answer in thousands Including 2 decimal places, I.e. 12,550 would be 12.55.) Answer is complete but not entirely correct. Ending inventory is in 0005) 152.50 Average cost 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 (s in 000s) 152.543 Conventional