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	$	83		$	128
Purchases		674			1,009
Freight-in on purchases		33
Purchase returns		1			2
Net markups					4
Net markdowns					8
Net sales					919

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 12.55.)

2. Use the retail method to approximate cost of ending inventory valued under Conventional method. (Enter your answer in thousands including 2 decimal places, i.e. 12,550 would be 12.55)

Ending inventory ($ in 000s) Average cost Ending inventory ($ in 000s) Conventional