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Smith - Kline Company maintains inventory records at selling prices as well as at cost . For 2 0 2 4 , the records indicate

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data:
Required:
Assuming the price level increased from 1.00 at January 1 to 1.10 at December 31,2024, use the dollar-value LIFO retail method to
approximate cost of ending inventory and cost of goods sold.
Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar. Enter your answers in thousands.
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