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SmithKline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: 5 in ) Cost

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SmithKline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data: 5 in ) Cost Retail $84 5120 632 1,105 Beginning inventory Purchases Freight-in on purchases Purchase returns Net arkups Net arkdowns Net Sales Required: Assuming the price level increased from 100 at January 1 to 165 at December 31, 2021 use the dollar value LIFO retail method to approximate cost of ending inventory and cost of goods sold (Do not round intermediate calculations. Round final answers to the nearest whole dollar. Enter your answers in thousands.) is in 000) Estimated ending inventory atretai Emated and mentory at cost Estimated cost of goods sold

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