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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

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 $ 99 $ 165
Purchases 605 1,075
Freight-in on purchases 38
Purchase returns 1 1
Net markups 3
Net markdowns 7
Net sales 924

Required:

Assuming the price level increased from 1.00 at January 1 to 1.50 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.

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