Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021, the records indicate the following data:

($ in 000s)

Cost Retail

Beginning inventory $ 79 $ 124

Purchases 670 1,005

Freight-in on purchases 29

Purchase returns 2 3

Net markups 3

Net markdowns 7

Net sales 915

Required:

1. Use the retail method to approximate cost of ending inventory valued under Average cost method. (Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be

2. Use the retail method to approximate cost of ending inventory valued under Conventional method.