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 at January 1 to 1.60 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