SMITH H

both amswers are incorrect

Smith-Kine Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data: \begin{tabular}{lrc} & \multicolumn{1}{c}{ ( } & in bees) \\ \cline { 2 - 3 } & Cost & Retai1 \\ Beginning inventory & $90 & 5150 \\ Purchases & 590 & 1,045 \\ Freight-in on purchases & 35 & \\ Purchase returns & 1 & 1 \\ Net narkups & & 3 \\ Net markdovns & 7 \\ Net sales & 921 \end{tabular} Required: Assuming the price level increased from 1.00 at January 1 to 1.35 at December 31,2024 , use the dollar-value LFO retail method to approximate cost of ending inventory and cost of goods sold Note: Round your Intermedlate and final answers to the nearest whole dollar. Enter your answers in thousands. \begin{tabular}{|l|ll|} \hline & \multicolumn{2}{|c|}{ (S in 0005) } \\ \hline Estimated ending inventory at retail & 5 & 419 \\ \hline Estimated ending inventory at cost & 213.53 \\ \hline Estimated cost of goods sold & \\ \hline \end{tabular}