Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data: ($ in 000s) Beginning inventory. Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales Cost $ 90 590 35 1 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Retail $ 150 1,045 Required: Assuming the price level increased from 1.00 at January 1 to 1.35 at December 31, 2024, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold. Note: Round your intermediate and final answers to the nearest whole dollar. Enter your answers in thousands. ($ in 000s) 1 3 7 921

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 ot January 1 to 1.35 at December 31,2024 , use the dollar-value LiFO retail method to approximate cost of ending inventory ond cost of goods sold. Note: Round your intermediate and final answers to the nearest whole dollar. Enter your answers in thousands. 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 ot January 1 to 1.35 at December 31,2024 , use the dollar-value LiFO retail method to approximate cost of ending inventory ond cost of goods sold. Note: Round your intermediate and final answers to the nearest whole dollar. Enter your answers in thousands