Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data: ($ in 000s) Cost Retail Beginning inventory $ 112 $ 160 Purchases 812 1,067 Freight-in on purchases 37 Purchase returns 1 3 Net markups 5 Net markdowns 9 Net sales 923 Required: Assuming the price level increased from 1.00 at January 1 to 1.45 at December 31, 2024, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2024, the records indicate the following data:

	($ in 000s)
	Cost	Retail
Beginning inventory	$ 112	$ 160
Purchases	812	1,067
Freight-in on purchases	37
Purchase returns	1	3
Net markups		5
Net markdowns		9
Net sales		923

Required:

Assuming the price level increased from 1.00 at January 1 to 1.45 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.