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Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data: ( in ee0s) Cost
Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data: ( in ee0s) Cost Retail 83 128 674 1,099 Beginning inventory Purchases Freight-in on purchases Purchase returns Net markups Net markdowns Net sales 919 Required: Use the retail method to approximate cost of ending inventory in each of the following ways: (Enter your answers in thousands. Round your cost-to-retail percentage colculation and final answers to 2 decimal places.) Answer is not complete. Ending Inventory (S in 000s)- 1 Average cost 2 Conventional 21200
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