Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2016, the records indicate the following data:

	($ in 000s)
	Cost			Retail
Beginning inventory	$	87		$	132
Purchases		678			1,013
Freight-in on purchases		37
Purchase returns		2			3
Net markups					5
Net markdowns					9
Net sales					923

Required:

Use the retail method to approximate cost of ending inventory in each of the following ways: (Enter your answers in thousands. Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)

Need to know Ending Inventory in ($000's) for:

Average ???

Conventional ???