Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data:

	($ in 000s)
	Cost			Retail
Beginning inventory	$	74		$	119
Purchases		665			1,000
Freight-in on purchases		24
Purchase returns		2			3
Net markups					5
Net markdowns					9
Net sales					910

Required: Use the retail method to approximate cost of ending inventory in each of the following ways: (Enter your answers in thousands. Round your cost-to-retail percentage calculation and final answers to 2 decimal places.)

Ending Inventory (S in 000s 1 Average cost 2. Conventional