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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

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 $ 70 $ 115 Purchases 661 996 Freight-in on purchases 20 Purchase returns 1 2 Net markups 3 Net markdowns 7 Net sales 906

Use the retail method to approximate cost of ending inventory valued under the Average cost method and the Conventional cost method, with the final amount in thousands including 2 decimal places.

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